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.

Competitive Rate Option
Budget and plan for your monthly payments more easily for the lifetime of the loan.

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.

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.

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
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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.

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.

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.
Type of loan | Initial APR | Margin | Rate change frequency after initial period | Max rate change per adjustment period | Lifetime Cap | Index | Floor | Monthly1 payment example |
---|---|---|---|---|---|---|---|---|
5/1 ARM |
5.875% |
2.250% |
annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$591.54 |
7/1 ARM |
6.375% |
2.250% |
annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$623.87 |
5/1 ARM Vacation Home - 15 Year Amortization |
6.875% |
2.250% |
annually |
2.00% |
5.00% |
1 Yr- TCM |
3.00% |
$891.85 |
7/1 ARM Vacation Home - 15 Year Amortization |
7.375% |
2.250% |
annually |
2.00% |
5.00% |
1 Yr - TCM |
3.00% |
$919.92 |
Manufactured/ Mobile Home with Land 5/5 ARM - 20 Yr Amortization |
7.500% |
2.750% |
every 5 years |
2.00% |
5.00% |
5 Yr - TCM |
5.00% |
$805.59 |
15/15 First Time Home Buyer Program (100% Financing) |
7.500% |
2.500% |
One Time Change |
2.00% |
2.00% |
5 Yr - TCM |
5.00% |
$699.21 |
as of 08/21/2023
¹ Monthly Payment Examples assume a loan amount of $100,000. Taxes and insurance premiums are not calculated into the example which could result in a higher monthly payment.
5/1 Vacation & 7/1 Vacation payment examples are based on a 15-year amortization. The Manufactured/Mobile w/Land is based on a 20-year amortization.
- Credit Union membership is required with minimum deposit of $5.
- 1st Mortgages must be a 1-4 unit & owner occupied, except for the First Time Home Buyer Program, bare land, and vacation/second home programs.
- Vacation/Second Homes have a maximum LTV of 80%. They are amortized over 15 years.
- Manufactured/Mobile with Land loan has a maximum LTV of 80%. Purchases or limited cash-out refinances only.
- The bare land loan requires 30% down and is for purchases only.
- Jumbo mortgages are available and are 0.25% higher. Contact the Credit Union for details.
- Escrow may be required.
- Loans greater than 80% require PMI, except for the First Time Home Buyer Program.
- Proof of homeowner’s insurance required. Proof of flood insurance may be required.
- The 15/15 First Time Home Buyer Program allows for 100% financing of the purchase price/appraised value, whichever is lower. Single Family, Primary Residences Only. Other certain restrictions apply - Contact the Credit Union for more details.
- Contact the Credit Union about maximum LTVs based on unit and purpose.
- Mortgage loans are available in NYS only. Loan must meet credit, appraisal, and other guidelines. Title insurance is required.
- 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.
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.
For 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.
Mobile Home Loan Rates
Age of Mobile Home | Term | APR |
---|---|---|
New |
180 |
11.90% |
5 years |
144 |
11.90% |
10 years |
120 |
12.90% |
20 years |
84 |
12.90% |
Greater than 20 years |
Up to 60 |
12.90% |
as of 05/17/23 - Mobile home placed on land not owned by member - Max loan-to-value 90%. - Mobile home and land loan - Minimum down payment 20% Escrow may be required NMLS# 609016
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Rates Effective as of: September 22, 2023
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