Mobile Home Loan Details!
Mobile homes are built stronger and made to last longer than in years past, making them the top choice of many home buyers. That’s exactly why Section 705 FCU offers Mobile Home Loans! Below is the basic information for our Mobile Home Loans:
- New Mobile Home: Section 705 FCU will finance up to 80% of the total selling price (including tax, title and license fees) on a New Mobile Home. The credit union offers terms up to 20 years (240 months) with a maximum amount financed of $50,000.
- Pre-Owned Mobile Home: We will also finance up to 70% of the appraised value of Pre-owned Mobile Homes up to 15 years old (180 months.) If property is put up as collateral otherwise, the credit union would finance for only 80%.
(NOTE: Used Mobile home applications must be submitted with a book value in writing from a licensed reputable dealer or certified mobile home appraiser.)
Regardless if you’re interested in a New or Used Mobile Home, we’re sure that we’ll have a loan to fit your needs. To apply for a loan, click here or contact us at your convenience to sit down with one of our awesome Lending Department! We look forward to getting you into the home that will be perfectly suited for you.
Posted in: Mortgage Loans