Mobile Home

Effective April 1, 2014 – Until Further Notice

(Property Insurance is Required)

Fixed: Rates range between 6.49% APR to 8.24% APR with terms up to 120 months. Terms are determined by the amount financed. Rates are based on each member’s credit history and term requested. Property insurance is required. Maximum age of collateral is 10 years. Mobile home loans will require an escrow account.

*If the term is lower than 120 months, please contact the Mortgage Lending Department to confirm the interest rate.

Example Transactions for Mobile Home Loans & Rates:

Collateral 2015
Model
2005
Model
Purchase Price
40,000.00 18,750.00
Loan-to-Value 80% 80%
 $ Financed 32,000.00 15,000.00
Term (Months) 120 60
Down Payment 8,000.00 3,750.00
APR 7.70% 8.24%
Fixed or Variable Fixed Fixed
Monthly Payment 383.26 305.87
Total Repayment 45,990.25 18,351.74
Payment Per $1,000.00 11.98 20.40

 

 

 

 

 

 

 

 

 

 

 

For more loan information, please contact a TFCU representative.

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