Manufactured/Mobile Home Lending
We are now offering mortgage financing for manufactured housing!
- Members must own the land the home is on and the home must be permanently affixed to the foundation.
- The home must also be declared “real property”.
- Maximum year of the home cannot exceed 30 years of age.
- Max Loan To Value –80% and is determined by age of home and if the loan is a purchase or refinance transaction.
- The minimum credit score is 660 or higher.
- Maximum loan amount = $200,000.
- Escrow is required.
- Home Equity Lines of Credit are not permitted.