Log Home Mortgage Rates and Calculators

Now is a good time for building or buying a log home. Mortgage rates are low, competition for business is high, and you have a variety of interesting financing options. With so many choices, it's not very difficult to find just the right option that fits your needs. See Creative Financing for more details.

Finding current national or local mortgage rates can be as easy as checking your newspaper or online source such as Bankrate.com. However, these rates are based on averages from a variety of lenders in a variety of different markets.

There is no particular reason for log home rates to be different than rates for more conventional homes but, because there are fewer lenders who offer mortgages for log homes, rates can vary from averages.

At this time, we're not aware that any of the log home specialty lenders post current rates specifically for log homes. However, a telephone call will usually get you a rate quote quickly.

Just be aware that the rate you actually get when you set up your mortgage can be different, based on daily rate changes and the fact that your credit score will affect your rate.

There are number of national lenders who specialize in log home mortgages, or who have divisions that specialize in such mortgages. Among these are American Log Mortgage, M&T Bank, Log Lenders of America, and Merrill Lynch.

If you are building in an area in which log homes are popular, local banks may also be good sources of loans — because they probably already understand log homes.

Once you determine a rate, or you can estimate a rate, you can use our Mortgage Calculator to find out what your monthly payments will be.

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