New Modular Homes, Modular House, Modular Home Dealer - Ultimate Home Hunt - Filley, Nebraska

Quality Homes, Superior Construction, Design Customization,

High Quality Housing your trusted partner with buying a home

In today's dynamic world, the concept of "home" has evolved beyond mere shelter. It's now a reflection of individual lifestyles, aspirations, and the pursuit of elevated living. "High Quality Housing" stands at the forefront of this evolution, redefining residential expectations by offering an unparalleled blend of diverse floor plans and cutting-edge modern features. We understand that every individual and family has unique needs, and our commitment is to provide living spaces that not only meet but exceed those needs. This introduction will explore how our dedication to quality, innovation, and personalized design creates homes that truly embody the highest standards of modern living.

Come see our large inventory

A walk-through of a High Quality Housing home offers invaluable benefits. It allows you to:

Experience the Quality Firsthand: See and feel the superior craftsmanship and materials used.
Visualize Your Life: Walk through diverse floor plans to find the perfect fit for your lifestyle.
Discover Modern Features: Explore the integrated technology and contemporary design elements.
Ask Direct Questions: Get personalized answers from knowledgeable representatives.
Gain Peace of Mind: Ensure the home meets your expectations before making a decision.

Homes Offered by High Quality Housing

On the LOT Now

This Home is available on the LOT now

On the LOT Now

This Home is available on the LOT now

On the LOT Now

This Home is available on the LOT now

On the LOT Now

This Home is available on the LOT now

On the LOT Now

This Home is available on the LOT now

On the LOT Now

This Home is available on the LOT now

On the LOT Now

This Home is available on the LOT now

Champion Homes Factory Tour

WOW Champion Homes Factory Tour

Commodore Homes of Indiana

WOW Commodore Homes of Indiana

Economic Development with High Yield Returns

High Quality Housing provides the smartest economic investment strategy's for small communities

Unlock Untapped Profits by Meeting Small Towns' Biggest Need: Attainable Starter Homes

Small-town developers, listen up: there's a goldmine hiding in plain sight on those empty or underutilized lots scattered throughout your community. Young families want to put down roots in small towns – drawn by the community feel, safety, and often better schools – but they're consistently priced out by the lack of affordable, right-sized housing. This isn't just a housing crisis; it's a massive market opportunity you are perfectly positioned to capture.

Forget sprawling, high-cost single-family homes for a moment. Consider the power of small-unit housing – duplexes, triplexes, town homes, cottage courts, or even small, efficiently designed single-family homes on smaller lots. Here’s why it's a brilliant economic move:

Lower Barrier to Entry & Reduced Risk: Building smaller units requires significantly less upfront capital per door compared to larger homes. This lowers your initial investment risk and makes financing potentially easier to secure. You can start smaller, test the market, and scale up.
Maximize Land Value & Turn Liabilities into Assets: Those awkward infill lots, vacant parcels, or oversized yards that aren't suitable for large homes? They are perfect for higher-density, small-unit projects. You can transform these unproductive empty lots from community eyesores into valuable, income-generating assets, fitting multiple households where previously there was none.
High Demand = Faster Sales/Leases & Strong ROI: The demand for affordable starter homes in desirable small towns is incredibly high and often unmet. Smaller, attainable priced units will move fast, whether you're selling or renting. This rapid absorption minimizes your holding costs and accelerates your return on investment, leading to potentially higher overall profit margins than slower-moving, larger projects.
Build the Future of Your Town: By providing housing that allows young families, teachers, essential workers, and young professionals to start their lives in the community, you're not just building houses; you're investing in the town's future vitality. These new residents support local businesses, sustain school enrollment, and contribute to a vibrant community fabric – creating a better environment for all your investments and developments down the line.

Stop overlooking the obvious. Small-unit housing isn't about building "lesser" homes; it's about smart, efficient development that directly addresses a critical market gap. It allows you to leverage lower-cost investments on underused land to meet surging demand, ultimately yielding significant profits while simultaneously strengthening the very community you operate in. It's the definition of a win-win.

So I want to be prepared to purchase the new home

What do I need to move forward?

Okay, getting a loan to cover the completion costs for a new modular home involves a few steps, often requiring what's known as a construction loan or a construction-to-permanent loan. This type of loan covers the costs of building the home (including the modular unit, delivery, site work, foundation, assembly, utility hookups, etc.) and then typically converts into a standard mortgage once the home is complete.

Here's a breakdown of what you'll generally need to qualify for a loan covering the total project cost Example: (the $200,000 home plus all completion costs):

Good Credit Score: Lenders will check your credit history and score. Higher scores generally lead to better loan terms and interest rates. Requirements vary, but typically a score in the mid-600s is the minimum, with scores over 700-740 being preferred for the best rates.
Proof of Stable Income & Employment: You'll need to show lenders that you have a reliable source of income sufficient to cover the new loan payments plus your existing debts. This usually involves providing pay stubs, W-2s, tax returns, and potentially bank statements.
Down Payment: Most construction loans require a down payment. The amount varies significantly by lender and loan program, but it can range from as low as 3.5% (for FHA loans, if applicable) to 20% or more. If you already own the land where the home will be placed, you may be able to use the equity in the land towards your down payment requirement.
Low Debt-to-Income Ratio (DTI): Lenders calculate your DTI by dividing your total monthly debt payments (including the estimated new mortgage payment, property taxes, and insurance) by your gross monthly income. Lenders generally prefer a DTI below 43%, although some programs may allow for slightly higher ratios.
Detailed Project Plans and Budget: This is crucial for a construction loan. You'll need to provide the lender with:
- Plans and Specifications: Detailed architectural plans for the modular home and the site.
- Construction Contract: A signed contract with the modular home manufacturer/dealer and potentially a general contractor overseeing the site work and completion.
- Detailed Cost Breakdown (Budget): A comprehensive list of all expected costs, including:
- - Cost of the modular home unit ($200,000 in your case)
  - Land purchase (if applicable)
  - Permits and fees
  - Site preparation (excavation, grading)
  - Foundation costs (basement, crawl space, slab)
  - Delivery and setting fees (including crane rental)
  - Assembly and "button-up" costs (joining modules, finishing drywall, etc.)
  - Utility hookups (water, sewer/septic, electricity, gas)
  - Driveway, walkways
  - Landscaping
  - Contingency fund (often 10-15% of the construction costs, required by lenders for unexpected expenses).

Appraisal: The lender will order an appraisal based on the plans and specifications to determine the future value of the completed home on its site. The loan amount will be based on this appraised value or the total project cost, whichever is lower.
Proof of Insurance: You'll need to secure builder's risk insurance for the construction phase and homeowner's insurance for once the home is complete.

Steps to Take:

Estimate Total Project Cost: Work with your modular home provider and potential contractors to get a realistic estimate of all completion costs beyond the $200,000 home price. The total could easily be $260,000 - $350,000 or more, depending on land, location, foundation, and site requirements.
Talk to Lenders: Specifically seek out lenders experienced in construction loans and financing for modular homes. Credit unions, local banks, and specialized mortgage companies are good places to start. Explain your project clearly.
Get Pre-Approved: This will give you a clear idea of how much you can borrow based on your financial situation and help you establish a realistic budget.

Be prepared for the construction loan process to be more involved than a standard mortgage for an existing home, requiring more documentation and coordination between you, the lender, the manufacturer, and contractors.

Manufactured\Modular or Stick Built Difference

Lets look consider the differences

That's a great question highlighting a key difference between these construction methods. The primary benefit of knowing the price of a modular or manufactured home upfront, compared to the often less certain total cost of a stick-built home, boils down to predictability and budget control.

Here's a breakdown of why this is so advantageous:

Upfront Cost Certainty (for the Structure)
- Modular/Manufactured: You typically get a firm price from the factory for the home modules or sections themselves. While you still have variable costs for site prep, foundation, transportation, assembly ("setting" the modules), utility hookups, and finishing work, the largest single component (the house structure) has a known cost early on.
- Stick-Built: You work with a contractor who usually provides an estimate based on plans, material costs, and labor projections. This estimate is susceptible to fluctuations.
Easier Budgeting and Financing:
- Modular/Manufactured: Knowing the base cost makes it much easier to budget for the total project. Lenders often appreciate this predictability when approving financing, as the core cost is fixed.
- Stick-Built: Budgeting relies heavily on the accuracy of the contractor's estimate and allowances. Securing financing might require more contingency funds built-in to cover potential overruns.
Reduced Risk of Cost Overruns (Related to Materials/Factory Labor):
- Modular/Manufactured: The factory buys materials in bulk, often hedging against price swings. The controlled factory environment minimizes weather delays and standardizes labor costs for the construction of the modules. This reduces the risk of unexpected cost increases for that portion of the build.
- Stick-Built: The project is exposed to real-time fluctuations in material prices (lumber, concrete, etc.) and local labor rates throughout the entire build process. Unforeseen site issues (like hitting rock during excavation) or significant weather delays can directly inflate costs.
Fewer Surprises During Construction:
- Modular/Manufactured: While surprises can still happen during site work or assembly, the bulk of the home's construction happens off-site under controlled conditions, minimizing construction-related cost surprises for the structure itself.
- Stick-Built: The entire process happens on-site, increasing the chances of encountering unexpected issues during framing, roofing, plumbing, electrical installation, etc., which can lead to change orders and increased costs.

Important Caveats:

Total Project Cost: It's crucial to remember that the factory price for a modular/manufactured home is not the final "all-in" cost. You must factor in land, site preparation, foundation, delivery, crane rental (for modular), assembly/finish work, utility connections, permits, landscaping, driveways, etc. These site-related costs can still be variable, similar to stick-built projects.
Allowances: Both types of construction can involve "allowances" for things like flooring, countertops, or fixtures. If you choose items that cost more than the allowance, your total price will increase in either scenario.
Contractor Quality: The reliability of the estimate for a stick-built home heavily depends on the experience and thoroughness of the contractor. A good contractor provides a more reliable estimate. Similarly, the final cost and quality of a modular/manufactured home project depend on the competence of the general contractor or dealer managing the site work and assembly.

In essence: Having the known factory price for a modular or manufactured home provides a significant head start in budget certainty compared to the estimate-based nature of traditional stick-building, where the total cost is often less defined until much later in the process, or even upon completion. This predictability is a major draw for homebuyers prioritizing strict budget adherence.