Mobile Home Loans

Fixed-rate loans are available for the purchase of mobile homes, less than ten years old. TFCU will finance up to 80 percent of the sale price for a new mobile home, or the lesser of 80 percent of the purchase price or 90 percent of the NADA loan value for a used mobile home for a maximum of 10 years.

(Property Insurance is Required)

Effective January 1, 2020 – Until Further Notice

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 2020 Model 2010 Model
Purchase Price 40,000.00 18,750.00
Loan-to-Value 80% 80%
$ Financed 32,000.00 15,000.00
Terms (Months) 120 60
Down Payment 8,000.00 3,750.00
APR 6.49% 8.24%
Fixed or Variable Fixed Fixed
Monthly Payment 363.24 305.88
Total Repayment 43,587.64 18,352.60
Payment Per $1,000.00 11.36 20.40