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.
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.
