Financing a Move-In Ready Home: What You Need to Know

Financing a new home may seem like a daunting process, but purchasing a move-in ready home is often simpler and faster than you might expect. With the right financing in place, you can secure your new home without the long wait of construction loans or unexpected costs. 

At Lifestyle Design Homes, we work with preferred lenders who specialize in home financing and offer the best rates, exclusive loan programs, and a seamless approval process to make homeownership easier for our buyers. Whether you're a first-time homebuyer or looking to upgrade, our trusted lending partners can help you find the perfect mortgage solution. 

If you're considering a move-in ready home, here’s what you need to know about financing options, loan programs, and financial assistance to help make homeownership a reality. 

1. Low Down Payment Options 

One of the biggest concerns for homebuyers is the down payment, but many loan programs make it more accessible than ever to purchase a move-in ready home. 

• FHA loans – As little as 3.5% down for qualified buyers. 

• VA loans – $0 down payment for eligible military service members and veterans. 

• Conventional loans – Down payments as low as 3% for first-time homebuyers. 

  
  

With affordable down payment options, buying a move-in ready home can be within reach—even if you haven’t saved up a large amount. 

2. Loan Types for Move-In Ready Homes 

Unlike new construction, where specialized financing may be required, move-in ready homes qualify for standard mortgage loans, making the process much more straightforward. Here are the most common loan types: 

• FHA loans – Ideal for first-time homebuyers, offering lower credit score requirements and low down payments. 

• VA loans – Exclusive to eligible veterans and active-duty service members, providing 100% financing. 

• Conventional loans – A flexible option for buyers with strong credit and stable income. 

• USDA loans – Designed for rural and suburban homebuyers, offering zero down payment options. 

Our Preferred Lenders: 

We partner with some of the best mortgage lenders in the industry who understand the unique needs of our buyers. They offer competitive rates, personalized loan options, and fast approvals, ensuring a smooth and efficient home-buying experience. By working with our preferred lenders, buyers may also benefit from lower closing costs, exclusive rate buy-downs, and priority processing. 

3. Assistance Programs to Help You Save 

There are grants, tax credits, and down payment assistance programs that could help you afford a home. Many state and local programs provide financial support for qualifying buyers to cover down payments, closing costs, and even reduce mortgage rates. Some common programs include: 

• First-time homebuyer grants – Free money toward your down payment and closing costs. 

• State housing assistance programs – Special financing options for local buyers. 

• Employer & community assistance – Some workplaces and nonprofits offer homebuyer aid. 

Taking advantage of these programs can significantly reduce your upfront costs and make homeownership more affordable. 

4. Competitive Interest Rates for Move-In Ready Homes 

Financing a move-in ready home often comes with more competitive interest rates than construction loans or custom-built homes. Since these homes are already completed, lenders see them as lower risk, which can lead to: 

• Lower interest rates – Helps keep your monthly mortgage payments affordable. 

• Faster loan approvals – No need for construction loan approvals or complex financing. 

• Stable mortgage terms – Predictable payments with fixed-rate mortgage options. 

When working with our preferred lenders, buyers may also have access to special financing incentives, including rate buy-downs and flexible loan terms. This means securing financing for a move-in ready home can be simpler, quicker, and more cost-effective compared to other home-buying options. 

Financing a move-in ready home doesn’t have to be overwhelming. With the right loan and assistance program, homeownership can be easier than you think. Whether you're a first-time buyer or looking for a smooth, hassle-free purchase, move-in ready homes provide an affordable and accessible option. 

Ready to take the next step?

Contact our team today to learn more about available financing options, connect with one of our trusted preferred lenders, and get pre-qualified for your dream home!