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Credit Unions That Finance Manufactured Homes

"They are typically small local banks and credit unions who will keep the loans in-house," he says. National lenders typically won’t finance pre-1976 mobile homes, he says. There are also personal property loans, also called chattel loans, to buy a manufactured home that isn’t permanently affixed to the real estate.

12 CFR § 701.21 – Loans to members and lines of credit to. –  · (a) Statement of scope and purpose. Section 701.21 complements the provisions of section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) authorizing Federal credit unions to make loans to members and issue lines of credit (including credit cards) to members. Section 107(5) of the Act contains limitations on matters such as loan maturity, rate of interest, security, and prepayment.

FHA 203(B) Repair Escrow Loan Program | AFR Wholesale – The Federal Housing Administration’s Section 203(b) mortgage insurance is the agency’s most widely used loan program. FHA 203(b) loans allow borrowers with modest incomes, credit challenges and down payments as low as 3.5 percent to obtain affordable financing.

Check out our other top bank and credit union picks here. offers a range of products including savings accounts and auto loans. You also can use Apple Pay, deposit checks from your mobile device.

Mobile Homes | NETCU – Credit unions serve members by providing quality products and services, lower fees, higher deposit rates and competitive lending rates. In 2002, SACU began offering members loans in the under served manufactured home market, seeing an opportunity to become a positive force in manufactured home financing.

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Manufactured Home Loans | ND Credit Union – capcu.org – Join the 22 million Americans who now live in manufactured homes. Although financing is difficult in some places, that’s not the case in our state. Capital Credit Union makes this lifestyle choice quite practical by allowing you to pre-qualify for attractive rates before you go shopping for your dream home.

Mobile Home Loans – OTIS Federal Credit Union – Used Mobile Homes. Appraisals are required on purchases of used mobile homes. The maximum loan amount is 80% of purchase price or 80% of appraised value (whichever is less). Used mobile homes may be financed for up to 10 years, depending on the amount of the loan, the appraisal, and the qualifications of the borrower.

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How to Finance a Manufactured Home | GOBankingRates – Buying a new home is a major investment that often requires a hefty down payment and expensive, long-term loans. For people on a tight budget, buying a mobile home or a manufactured home is a more attractive option that offers a wider range of flexibility than traditional or stick-built homes.