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Why Choose Modular House Financing?
What is a modular home loan?
A modular home loan is a home loan structured around the way modular and prefab homes are built and delivered — typically off-site, in factory-built sections, then assembled on your land. Because lenders disburse funds in stages, modular home finance often uses a construction-loan structure rather than a standard mortgage.
Why traditional banks struggle with modular home finance
Most banks are set up to lend against properties built on-site, where they can value progress as it happens. Modular builds invert that model — most of the spend happens before the home reaches your land. We work with lenders who understand factory progress payments, deposit guarantees and the modular delivery timeline.
How much does a modular home cost in Australia?
Modular and prefab homes in Australia generally cost between $1,500 and $3,500 per square metre, with most three-bedroom builds landing between $200,000 and $450,000 turnkey. Finance is available for the build, the land, or a packaged land-and-modular bundle.
Modular home finance — your questions answered
Do banks finance modular homes? Yes — the Commonwealth Bank, ANZ and several non-bank lenders have specific modular and prefab housing products. We compare them so you don’t have to.
How do you finance a modular home? Most modular home buyers use a construction loan with staged progress payments aligned to the factory build, transport and on-site assembly milestones.
Are modular homes a good investment? When built to current standards on titled land, modular homes generally appreciate similarly to comparable site-built homes. They can offer a faster build timeline and a more predictable budget than traditional construction.
Further reading
More on financing modular and prefab homes in Australia: