Here is a little information we received from the Champion Credit Union about Mortgage Loans on Manufactured Housing.
Manufactured Units are existing single wide, double wide or triple wide and on - frame modular homes. The units must be permanetly affixed to the property and title must be retired. The property must be shown as real property on the tax records. Units older than 20 years will be reviewed for consideration on a case by case basis.
Term : 20 year fixed
Rate : 6.50%
LTV : 90% for primary homes
80% for second homes
No Investment properties allowed
Credit Score: Primary homes 640 or higher
Second homes 680 or higher
Property Locations must be within the Champion Credit Union field of membership . These counties are:
Haywood, Jackson, Swain, Graham, Madison, Buncombe and Henderson
For more information please contact
By Phone: (800) 627-1072 or (828) 926-5200 By Fax: (828) 926-1985 By Email: email@example.com By Mail: 1986 Soco Road (Hwy 19) Maggie Valley, NC 28751