The most important condition for requesting a mortgage for a prefabricated house

Get a mortgage for one premade house It is possible, although there are some particular aspects that we must consider in this regard. We are talking about a type of house that can be manufactured, mobile or modular, and in each of the prefabricated house models we have we will have a specific requirement to obtain a financing on the part of the Bank entities.

More and more people are choosing to live or have a second home as a second home. premade house in Spain. And there we go from the most affordable wooden houses, which we can install on a specific piece of land, to houses in the shape of Mansion of design, that some artists have been developing and that have astronomical prices, although nothing compared to what they would mean in conventional houses.

The newspaper The debate collects some testimonies from people who live in Prefabricated houses, which have been revalued. “I have a 200 square meter plot of land in Coslada and they offer me up to 300,000 euros,” he says. Egg yolk, who built his house 15 years ago on land inherited from his parents. «I didn’t think about a prefabricated house, but now I wouldn’t mind considering the qualities. Those interested give me impossible figures: 300,000 euros for my land and another 150,000 at least to build a two-story chalet, in many cases without finishing the pool, just the space,” completes the protagonist.

This is how a prefabricated house is financed

The financing of a premade house It usually occurs through mortgage loans, although there are businesses that admit doubt, as is the case of Gema. The banksas in all mortgagethey set a series of conditions, as long as it is considered real estate.

Within these, we can find that the land on which the house is built is considered urbanizable, according to the regulations, as well as that there is a construction project approved by a college of architects, with a municipal license. Facing the mortgageit is essential that the house is anchored to the ground, and in legal terms, that it is registered correctly and lawfully in the Property registration.

Likewise, we must also consider the type of premade house to see their conditions. The modular prefabricated houseswhich are usually built in sections in factories and then assembled on site, can often qualify for a mortgage conventional, that is similar to a traditionally built house. For their part, the mobile prefabricated housesalso known as mobile homes or manufactured homes, have different requirements and are sometimes financed through specific loans for mobile homes.

Advantages of a prefabricated house

Within the group of advantages that we can attribute to a premade housewe highlight one, quite obvious one, which is the lower initial costsince they are undoubtedly more affordable in terms of economic than traditional constructions, thanks to production efficiency and the option of purchasing materials in bulk. Furthermore, they have a faster constructionand in turn a QA equal or more rigorous if possible than that of a normal home.