The dream of homeownership is now more achievable than ever, thanks to the advent of CrossMod homes. This new classification of manufactured homes is not only affordable but also attractive and faster to build, making it an excellent option for anyone looking to become a homeowner.
If you read our last blog on CrossMod homes, you learned that these homes are high quality factory-built products with traditional home financing options through Freddie Mac® and Fannie Mae®.
CrossMod homes being eligible for traditional financing is one of the most significant things to know about these homes. As a result, more people may be able to secure a mortgage for their new home, including those who may struggle with high interest rates of manufactured housing financing OR high home prices of site-built homes. This has opened up new opportunities for millennials and Gen Zers who are tired of renting but don’t have the resources to buy a traditional home.
New parents looking to expand their living space can also benefit from CrossMod homes. These homes can come with amenities such as a backyard and a private garage, making them an excellent option for growing families. Moreover, established homeowners who are looking to transition to a new home can do so without worrying about the skyrocketing prices of site-built homes.
Even subdivision developers can benefit from CrossMod homes. Traditional financing and appearance lend these homes to a return on investment more in line with site-built housing over traditional manufactured housing. This can make CrossMod homes an attractive option for developers looking to put a new product on the market.
At Champion Homes, we’re passionate about building some of the best CrossMod homes. Our homes are designed to meet the needs of modern homeowners while still being affordable and easy to finance. Contact us today to learn more about how you can become a homeowner with a CrossMod home.