Financing for Modular Duplex on land I already own

[Justin Fox]

Does anyone have experience with financing for a new modular they put on land they already own?

I know they can be financed just like a stick built construction loan, however, my credit union is not doing construction loans right now and does not have a time frame for when they will (SECU).

I want to use the land as down payment if possible and finance the modular and the site prep for it.

Looking at getting a new modular duplex or a SFH.

Thanks

[Josh Myrick]

Thank you! I won’t be able to even start until next year. Building my brokerage business so I’ll have more cash flow to build.  Been looking at land and debating on if a septic is doable with a quadplex in these mountains would need one rated for 8-12 bedrooms. But I assume it will be more expensive and harder to find land on city sewer and water.

The goal is next year get land and the year after start building.