Modular vs. Manufactured: What’s the Difference?
Before we dive into the financing details, let’s clear up some common confusion:
Modular Homes
- Built in sections at a factory, then assembled on-site
- Must meet local and state building codes
- Often indistinguishable from traditional homes once completed
Manufactured Homes
- Built entirely off-site and transported in one or more pieces
- Must meet HUD (federal) standards
- Installed on a permanent foundation to qualify for AbbyBank’s program
AbbyBank’s Future Keys Home Program is available for both types, as long as the home is your primary residence and placed on a finished, permanent foundation in Clark, Marathon, or Taylor County, Wisconsin.
Why Financing These Homes is Different
You may have noticed that some lenders hesitate or avoid financing manufactured and modular homes. That’s often due to outdated misconceptions or a lack of understanding around how construction and end-loans work for these builds.
At AbbyBank, we do things differently. Our team knows the ins and outs of modular and manufactured home financing because we live and lend right here in the communities we serve. Through our Future Keys Home Program, you’ll get:
- Competitive construction loan rates
- Personalized support from local mortgage professionals
- A $500 closing cost credit when you refinance into a long-term mortgage with us and set up an AbbyBank checking account with direct deposit
What Is the Future Keys Home Program?
Here’s a quick look at what sets this program apart for Wisconsin builders:
| Program Feature | Details |
|---|---|
| Construction Loan Interest Rate | 5.500% (6.085% APR)1 |
| Construction Loan Term | Up to 9 months (interest-only for 8 months) |
| Eligible Homes | Modular or manufactured with permanent foundation |
| Service Area | Clark, Marathon, or Taylor County, WI |
| Closing Cost Credit | $500 when you refinance into a long-term mortgage with AbbyBank and meet eligibility |
| Support | Local lending experts who know your community |
| Construction Loan Example |
$200,000 loan with 10% down. Interest-only payments for 8 months. Final balloon payment: $200,947.22 |
Learn More About the Future Keys Home Program
Why Local Lending Matters
When you work with a big, out-of-state lender, it can feel like pulling teeth to get a straight answer or find someone who understands local regulations.
With AbbyBank, you’re working with real people who understand Wisconsin housing. We know the neighborhoods. We understand the seasonal construction timelines. And we’re here to make the financing process less stressful, from application to closing.
Here’s what you get:
- Local insights into zoning and permitting
- Real conversations, not robots
- The comfort of stopping by your nearest branch when you need support
Let’s talk about your home plans. Connect with us today.
Important Loan Requirements to Keep in Mind
To qualify for the Future Keys Home Program, your project must meet a few key guidelines:
- The home must be your primary residence
- It must be built on a finished, permanent foundation
- It must be located in Clark, Marathon, or Taylor County, Wisconsin
- To receive the $500 closing cost credit, you must:
- Refinance into a long-term mortgage with AbbyBank after construction
- Have an AbbyBank checking account with direct deposit set up before the loan closes
Not sure if your build qualifies? Give our team a call or stop in to discuss your goals.
How to Get Started
Thinking about building? Let’s map out your first steps:
Step 1: Learn More About the Program
Visit our Future Keys Home Program page to explore details and eligibility.
Step 2: Talk to Our Lending Team
We’ll walk you through what you need, help with pre-approval, and answer any questions, no pressure. Call us at 1-800-288-2229, fill out our online form, or stop by a branch today.
Step 3: Get Pre-Approved
Having a budget in place before you choose a homebuilder helps set realistic expectations and timelines. Apply online to get one step closer to pre-approval and your new home. Start your application online here.
Step 4: Build Your Home
With financing handled and a trusted partner by your side, it’s time to bring your dream home to life.
Grab Your Key to Affordable Homeownership
We believe that your path to homeownership shouldn’t be complicated, intimidating, or cookie-cutter. Whether you’re just starting to plan or ready to break ground, AbbyBank is here to make it happen — backed by local know-how, flexible loan options, and the kind of personalized care you won’t find at the big banks.
Ready to get started? Visit our Future Keys Home Program page or stop into your nearest AbbyBank branch today.
1APR=Annual Percentage Rate, based on a $200,000 loan. Offer available to qualified borrowers for the construction of a primary residence using a manufactured or modular home attached to a finished, permanent foundation in Clark, Marathon or Taylor County, WI. Owner-occupied homes only. Not valid for second homes, investment properties, or refinances. All loans are subject to credit approval, clear title, and a loan provides short-term financing for up to 9 months; interest accrues only on disbursed funds. No early prepayment penalties. Normal closing costs apply, including but not limited to: appraisal, title insurance, recording loan administration, closing and flood determination fees. To receive the $500 closing cost credit, borrower must have an AbbyBank checking account with direct deposit established and active prior to the permanent loan closing. Limit one coupon per qualifying household. Offer valid for construction applications submitted by December 31, 2026. Terms and conditions are subject to change at any time without notice. Other restrictions may apply. Example payment schedules do not include property taxes or insurance premiums.
