Good news if you’ve been thinking about a modular or prefabricated home—getting finance is now much more achievable.
Commonwealth Bank has also recently stepped up too to support the prefab housing sector joining the growing list of banks willing to finance these types of dwellings.
With new funding options available, you can now borrow up to 80% for fixed-price prefab builds from approved providers. Even if your builder isn’t on the list, there are still financing options for up to 60%. This is a major improvement compared to what was possible just a few years ago.
Why Choose Prefabricated Homes?
They’re fast. Homes can be completed in as little as 10–16 weeks, compared to traditional builds that often stretch beyond a year. That speed can be a game changer, especially in today’s housing market.
As more banks and lenders get behind this method of construction, and with demand rising, we expect to see more prefab options hitting the market over the next year.
Thinking about building or investing in a prefab home?
We’re here to help you explore your financing options and connect you with trusted builder. Reach out today and take the first step toward your new home faster and smarter.
Phone: 1300 855 022
Email: clientservices@zippyfinancial.com.au
Zippy Financial is an award-winning mortgage brokerage specialising in home loans, property investment, commercial lending, and vehicle & asset finance. Whether you are looking to buy your first home, refinance or build your property investment portfolio, the team at Zippy Financial can help find and secure the right loan for you and your business.
About the Author:
Louisa Sanghera is an award-winning mortgage broker and Director at Zippy Financial. Louisa founded Zippy Financial with the goal of helping clients grow their wealth through smart property and business financing. Louisa utilises her expert financial knowledge, vision for exceptional customer service and passion for property to help her clients achieve their lifestyle and financial goals. Louisa is an experienced speaker, financial commentator, mortgage broker industry representative and small business advocate.
Connect with Louisa on Linkedin.
Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).
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