*The mobile home mortgage rates indicated above are reflective for both purchase and refinance, using an amount to finance of $250,000. The refinance rates reflect 90% to 80% loan to value, while purchase rates reflect a 10% to 20% down payment. Both refinance & purchase programs are calculated using a loan origination fee in the amount of $2,000.00 which was financed, not paid in cash. This fee does not include 3rd party escrow fees, Flood Certification or other titling fees that may be applicable in your state and/or situation.
**The Flex Rates shown are fixed for the term listed, then are adjustable for the remaining term listed. The adjustment is determined by the One Year Libor, which represents the cost of funds between banks. After the initial fixed rate period, your rate can go up or down. Your rate cannot go up more than 2% percent in any given 12 month period and cannot exceed 5% over the life of the loan.
*The Fixed Rates are fixed for the term of the loan and cannot change for the life of the loan. They also require payment every 2 weeks via automatic withdrawal.
The example rates above reflect the purchase or refinance of a 5 year old double section home located in a manufactured home park and/or leased lot community. Homes outside of this parameter may experience higher rates and /or fees. The origination fee indicated is for example purposes only. Your origination fee may be different dependent on your situation.
Meeting the above credit score, down payment and/or equity requirements does not guarantee approval. All approvals are based on your credit history, the mobile or manufactured home, location of the mobile or manufactured home, appraisal results and income history. Rates are subject to change without notice.
*Due to the complexity of the rate & term tables listed above, the Webmaster acknowledges there may be error(s) listed above. Always confirm the appropriate rate with a staff member before making a financial decision.