We build and ship — but here's what you need to know about financing a modular home in the US once it's installed by your contractor.
Once your contractor places a Capsul home on a permanent foundation with proper permits and a Certificate of Occupancy, it can qualify for standard residential financing — just like a site-built home. Here are the common pathways:
Standard mortgage through any bank. Once installed on a permanent foundation with CO, modular homes are appraised and financed like stick-built homes. 5–20% down, 15 or 30-year terms. Talk to your lender about their specific requirements.
Federal Housing Administration loans accept modular homes on permanent foundations. As low as 3.5% down. More flexible credit requirements. Must meet FHA property standards — your contractor and lender coordinate this.
Available to eligible veterans and active-duty military. 0% down payment, no PMI. Modular homes on permanent foundations qualify. One of the best financing options for qualifying buyers.
For properties in USDA-eligible areas (many suburban and rural locations qualify). 0% down. Income limits apply. Works well for rural Capsul installations.
Covers the build phase and converts to a permanent mortgage after CO is issued. Single closing. Your lender coordinates with your contractor on draw schedules.
For our more affordable ADU units ($38K–$52K), many customers pay cash or use a personal loan or HELOC from their existing home. Simplest pathway with fewest requirements.
| Home Price | Down Payment | Loan Amount | Est. Monthly (30yr) |
|---|---|---|---|
| $52,000 | $5,200 (10%) | $46,800 | ~$296 |
| $89,000 | $8,900 (10%) | $80,100 | ~$506 |
| $112,000 | $11,200 (10%) | $100,800 | ~$637 |
Estimates at 6.5% APR. Does not include taxes, insurance, or PMI. This is not a loan offer. Actual rates depend on credit, lender, and market conditions.
For buyers using a personal loan rather than a mortgage, the lenders below actively offer products for modular homes, tiny homes, and ADUs. Personal loans fund quickly, require no down payment, and have no mortgage-style documentation burden — ideal for our lower-cost ADU and single-module units.
Independent suggestions only. Capsul has no affiliation or referral arrangement with any lender below. We are not licensed to provide financial advice. Use these as a starting point — compare offers and consult a licensed adviser before applying.
A division of Truist Bank — one of the few major lenders with a dedicated tiny home loan product. No fees of any kind, rate-match guarantee, and same-day funding available. Best for buyers with good to excellent credit.
| Loan amount | $5,000 – $100,000 |
| Rate from | ~8.24% APR (fixed) |
| Terms | 2 – 12 years |
| Fees | None |
| Min. credit score | Good to excellent |
| Funding speed | Same day possible |
Nationwide specialist lender for tiny homes, modular homes, barndominiums and ADUs. Licensed in 48 states. Offers consumer purchase loans, one-time-close construction loans, and equity/renovation loans specifically for ADU installations.
| Products | Purchase, construction, ADU |
| Coverage | 48 states |
| Loan types | Consumer + construction |
| Speciality | Modular, tiny, barndominium |
| Construction loans | One-time close available |
High loan limits, no origination fees, no late fees, no prepayment penalties. SoFi personal loans can be used for modular and tiny home purchases. Includes member benefits like free financial planning and rate discounts for existing customers.
| Loan amount | $5,000 – $100,000 |
| Rate from | Varies by profile |
| Terms | 2 – 7 years |
| Fees | None |
| Min. credit score | ~680+ |
| Prequalify | Soft pull (no credit impact) |
Accepts lower credit scores than most comparable lenders, and allows cosigners — useful if you're self-employed or your credit profile is non-standard. Multiple rate discounts available. A solid option if LightStream or SoFi are out of reach.
| Loan amount | $1,000 – $50,000 |
| Rate from | ~9.99% APR |
| Terms | 2 – 7 years |
| Cosigner | Yes |
| Min. credit score | ~580+ |
| Prequalify | Soft pull (no credit impact) |
Rates are indicative and subject to change. Verify all terms directly with each lender before applying. This is not a financial recommendation.