Achieve home ownership with a loan for a mobile or manufactured home
With multiple financing and term options, you can own a mobile or manufactured home sooner and more affordably.
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Competitive Rate Option
Budget and plan for your monthly payments more easily for the lifetime of the loan.
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Adjustable Rate Mortgage (ARM) Option
When financing the home and the land, have lower payments at the beginning of your term with an adjustable-rate mortgage loan option.
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Financing for the Right Home
With a mobile home loan, you can afford a comfortable home that fits your life, whether you are downsizing or a new homeowner.
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Flexible Location Options
When planning to place a mobile or manufactured home on land you own SFCU has financing options available.
Estimate your monthly payment
Let's see what your monthly payment could be.
Monthly Payment
Save money early on as you repay
With an adjustable-rate mortgage, you can step into your monthly payments more confidently. This financing option can make your initial payments lower, allowing you to prepare for later payments successfully.
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Rest easy with predictable payments
When financing the home and the land, have lower payments at the beginning of your term with an adjustable-rate mortgage loan option. Don't own the land? SFCU offers competitive fixed rates for mobile homes.
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I have had a good experience with my sfcu loan. I am very satisfied and will continue to do business with sfcu in the future.
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1
Complete an application
Apply with one of our expert Mortgage Specialists
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2
Get an answer
We will review your application and review the next steps
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3
Purchase your home
With your mortgage funds you can purchase your home
Have a question? Get in touch with us
Your dream of owning a home is within reach
At SFCU, we have made purchasing a mobile home more affordable with our financing options and variety of terms.
Annual Percentage Rate (APR) - Based on the final loan amount and applicable finance charges. Monthly Payment Examples (excludes any applicable taxes & insurances):ย Assumes a loan amount of $100,000. All adjustable payments (including First Time Home Buyer Mortgage) quoted assume a 30-year amortization (unless noted). 100% Financing Mortgage payment quoted assumes a 20-year amortization. Drop My Rate Mortgage payment quoted assumes 25-year amortization. Vacation Home payment quoted assumes a 15-year amortization. Manufactured/Mobile w/Land payment quoted assumes a 20-year amortization. Purchase & Limited Cash Out Maximum Loan-To-Value (LTV):ย *Mortgages with LTV over 80% require Private Mortgage Insurance except for the First Time Home Buyer Program. Maximum LTV may vary contact SFCU for details. Primary Residence (Single Family) โ 97% LTV Primary Residence (2-4 Family) โ 95% LTV
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LTV 80.01% - 89.99% - Rate Add 0.25%
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LTV 90.00% - 95.00% - Rate Add 0.50%
Vacation Home/Second Home (Single Family) โ 80% LTV Manufactured/Mobile Home โ 80% LTV Cash Out Maximum Loan-To-Value (LTV): Primary Residence (Single Family) โ 80% LTV Primary Residence (2-4 Family) โ 75% LTV Escrow Requirements:ย Any mortgage with an LTV over 80% requires an escrow account be established. Homeowners Insurance:ย Proof of homeowners insurance is required on all residential loans. Proof of flood insurance may be required. Jumbo Mortgages:ย Are available and are 0.25% higher rate. Contact the Credit Union for details. First Time Home Buyer Program: 15/15 Adjustable-Rate Mortgage with 30-year amortization. 100% financing of the purchase price/appraised value, whichever is lower. Private Mortgage Insurance (PMI) not required. Single Family primary residences only. Escrow Required. 100% Financing Mortgage: 5/1 Adjustable-Rate Mortgage with 20-year amortization or 20-year fixed rate. 100% financing of the purchase price/appraised value, whichever is lower. Escrow account setup, prepaids and closing costs cannot be financed and are to be paid by the borrower. Single Family primary residence only. Private Mortgage Insurance (PMI) required. Escrow Required. Drop My Rate Mortgage: 25-year fixed rate mortgage. No-refi rate drop request available until after 12 months. You must pay attorney fee document preparation fee, county recording fee and processing fee. Maximum # rate drop requests โ 2 (with at least 12 months between each request). Required criteria to engage no-refi rate-drop option:
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Loan must be current with no more than one monthly payment, which includes principal, interest, taxes, and insurance, that has been 30-days late or more within the last 12 months of your request.
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Made at least 12 consecutive monthly payments, which includes principal, interest, taxes, and insurance, on your loan since closing or the last time you exercised your no-refi rate-drop option.
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You do not have an active bankruptcy case pending or you have not filed for bankruptcy protection within 6 months prior to your request.
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Loan is not in an active loss mitigation option, process, or consideration.
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Continue to own the property, notwithstanding successor-in-interest exceptions
To take advantage of the no-refi rate-drop option, you must contact SFCU. You are responsible for monitoring SFCUโs available rates and determining when to take advantage the no-refi rate-drop option, subject to the eligibility criteria identified above. Contact SFCU at 1-877-642-7328 to check your eligibility and current rates. SFCU will only reduce the interest rate all applicable criteria are satisfied at time of your request. Engaging the no-refi rate-drop option will permanently reduce your interest rate, as well as the remaining principal and interest payments on your loan but will not modify any other terms contained in your loan documents, including the principal balance, maturity date, and additional amounts due for escrows as part of your monthly payment. Adjustable-Rate Mortgage rate and payment changes: The rate indicated for adjustable-rate mortgages is the initial rate and is subject to increase. Adjustable-Rate Loans may be amortized over 20, 25 or 30 years. Manufactured/Mobile with land is amortized over 15 or 20 years. Example: The 5/1 ARM will have a constant interest rate for the first five years. Then the adjustable rate may change annually thereafter ("Change Date" as indicated in the Note) based on an "Index" which is the 1-Year Constant Maturity Treasury (1-Yr CMT) adjusted to a constant maturity of 1 year as made available by the Federal Reserve Board. The most recent index available as of 45 days before each Change Date is called the "Current Index". Before each Change Date, the Note Holder will calculate the new interest rate by adding the "Margin" to the "Current Index". The note holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). This rounded amount will be the interest rate until the next "Change Date". The rate may not adjust more than the Per Adjustment Cap indicated above on each "Change Date". The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the lifetime of the loan. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that would be due in full on the maturity date at the new interest rate in substantially equal payments. The result of the calculation will be the new amount of monthly payment. Additional Disclosure Details:
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Rates are subject to change at any time.
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The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.
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Loan must meet credit, appraisal, and other guidelines. Title insurance is required.
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Mortgage loans are available in NY, NJ and PA only.
Adjustable Rate Mortgages (ARM) Rates
Loan Type | Initial Rate | APR (as low as) | Margin | Rate Change Frequency After Initial Period | Max Per Adj. Cap | Lifetime Cap | Index | Floor | Monthly Pymt Ex |
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5/1 ARM |
5.500% |
6.233% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$567.79 |
7/1 ARM |
5.625% |
6.160% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$575.66 |
10/1 ARM |
5.875% |
6.173% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$591.54 |
5/1 ARM Vacation Home |
6.000% |
6.309% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$843.86 |
7/1 ARM Vacation Home |
6.125% |
6.302% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$850.62 |
10/1 ARM Vacation Home |
6.375% |
6.448% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$864.25 |
Manufactured/ Mobile Home with Land 5/5 ARM |
7.000% |
6.764% |
2.750% |
Every 5 Years |
2.00% |
5.00% |
5 Yr - TCM |
5.00% |
$775.30 |
15/15 First Time Home Buyer Program (100% Financing) |
7.125% |
7.019% |
2.500% |
One-Time Change |
2.00% |
2.00% |
5 Yr - TCM |
5.00% |
$673.72 |
100% Financing Mortgage 5/1 ARM |
6.375% |
6.554% |
2.250% |
Annually |
2.00% |
5.00% |
1 Yr-TCM |
3.00% |
$738.23 |
As of 09/2/2024
Annual Percentage Rate (APR) - Based on the final loan amount and applicable finance charges.
Monthly Payment Examples (excludes any applicable taxes & insurances):
- Assumes a loan amount of $100,000. All adjustable payments (including First Time Home Buyer Mortgage) quoted assume a 30-year amortization (unless noted).
- 100% Financing Mortgage payment quoted assumes a 20-year amortization.
- Vacation Home payment quoted assumes a 15-year amortization.
- Manufactured/Mobile w/Land payment quoted assumes a 20-year amortization.
Purchase & Limited Cash Out Maximum Loan-To-Value (LTV):
- Mortgages with LTV over 80% require Private Mortgage Insurance except for the First Time Home Buyer Program. Maximum LTV may vary; contact SFCU for details.
- Primary Residence (Single Family) โ 97% LTV
- Primary Residence (2-4 Family) โ 95% LTV
- LTV 80.01% - 89.99% - Rate Add 0.25%
- LTV 90.00% - 95.00% - Rate Add 0.50%
- Vacation Home/Second Home (Single Family) โ 80% LTV
- Manufactured/Mobile Home โ 80% LTV
Cash Out Maximum Loan-To-Value (LTV):
- Primary Residence (Single Family) โ 80% LTV
- Primary Residence (2-4 Family) โ 75% LTV
Escrow Requirements:
Any mortgage with an LTV over 80% requires an escrow account be established.
Homeowners Insurance:
Proof of homeowners insurance is required on all residential loans. Proof of flood insurance may be required.
Jumbo Mortgages:
Are available and are 0.25% higher rate. Contact the Credit Union for details.
First Time Home Buyer Program:
- 15/15 Adjustable-Rate Mortgage with 30-year amortization
- 100% financing of the purchase price/appraised value, whichever is lower
- Private Mortgage Insurance (PMI) not required
- Single Family primary residences only
- Escrow Required
100% Financing Mortgage:
- 5/1 Adjustable-Rate Mortgage with 20-year amortization or 20-year fixed rate
- 100% financing of the purchase price/appraised value, whichever is lower
- Single Family primary residence only
- Private Mortgage Insurance (PMI) required
- Escrow Required
- Escrow account setup, prepaids and closing costs cannot be financed and are to be paid by the borrower.
Adjustable-Rate Mortgage rate and payment changes:
The rate indicated for adjustable-rate mortgages is the initial rate and is subject to increase. Adjustable-Rate Loans may be amortized over 20, 25, or 30 years. Manufactured/Mobile with land is amortized over 15 or 20 years.
Example:
The 5/1 ARM will have a constant interest rate for the first five years. Then the adjustable rate may change annually thereafter ("Change Date" as indicated in the Note) based on an "Index" which is the 1-Year Constant Maturity Treasury (1-Yr CMT) adjusted to a constant maturity of 1 year as made available by the Federal Reserve Board. The most recent index available as of 45 days before each Change Date is called the "Current Index".
Before each Change Date, the Note Holder will calculate the new interest rate by adding the "Margin" to the "Current Index". The note holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). This rounded amount will be the interest rate until the next "Change Date".
The rate may not adjust more than the Per Adjustment Cap indicated above on each "Change Date". The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the lifetime of the loan.
Additional Disclosure Details:
- Rates are subject to change at any time.
- The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.
- Loan must meet credit, appraisal, and other guidelines. Title insurance is required.
- Mortgage loans are available in NY, NJ and PA only.
Rates are subject to change without notice.
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