Financing for Mobile Homes
We offer financing options for both new and used mobile homes, giving you flexible solutions based on your needs and budget. Our team will guide you through the process from application to closing.
Financing Options Include:
- New mobile home financing
- Used mobile home financing
- Homes located on owned land
- Homes located in recognized mobile home parks
- Flexible terms based on home age and qualifications
- Local decisions and personalized service
New Mobile Home Financing
Looking at a new mobile home? We can help.
Qualified borrowers may be eligible for financing on current-year or prior-year mobile homes that have never been previously titled. Financing is available for homes purchased through dealers and approved sellers.
Highlights:
- Finance up to 100% of MSRP for qualified borrowers
- Terms up to 144 months
- Local lending decisions
- Competitive rates
- Available for homes on owned land or within recognized mobile home communities
Used Mobile Home Financing
A pre-owned mobile home can provide an affordable path to homeownership.
White Rose Credit Union offers financing options for qualifying used mobile homes, with terms based on the age and value of the home.
Available For:
- Homes 1–10 years old
- Homes greater than 10 years old
- Purchases from private sellers
- Purchases within mobile home communities
- Move-up purchases for current mobile homeowners
Homeownership May Be More Accessible Than You Think
Your Home. Your Future. Your Financing.
Many buyers assume mobile home financing is difficult to find. White Rose Credit Union offers local financing solutions designed to support affordable homeownership throughout York and Adams Counties.
We’re Here to Help With:
- Understanding the financing process
- Budgeting for homeownership
- Insurance requirements
- Questions about mobile home communities
- Financing options for first-time buyers
A loan used to purchase a mobile/manufactured home or refinance an existing loan to lower rate/payment or receive cash out for expenses.
No. For WRCU lending purposes, a mobile/manufactured home loan will be treated as personal property/collateral that can be moved. These loans are also known as chattel loans.
WRCU will not be classifying these loans as a home loan, therefore they may not qualify for housing assistance or grants.
Yes! WRCU offers cash out refinances so you can complete repairs/updates to your home using the equity in your mobile/manufactured home.
There are no down payments or closing costs for WRCU’s mobile/manufactured home loans. However, there may be titling fees due to WRCU holding the collateral for the loan.
No. A RV loan is for a travel trailer, motorhome, boat, ATV, etc. A mobile/manufactured home is for a permanent residence.
No, the type of loan is determined by the type of collateral. If the collateral is an RV, you will need an RV loan.
Because these loans are not traditional home loans, the time from application to closing is quicker. The application process is streamlined, with less documents/information needed from the borrower.
For WRCU lending purposes, a full site inspection is required to determine the condition of the collateral. This inspection is not used to determine the value of the home like an appraisal would be. There is a fee for this inspection.
A nationally known appraisal book will be used to determine the value of the collateral. The amount that WRCU would be able to lend will be based on this value.
WRCU finances new and used mobile/manufactured homes. Rates and loan terms may vary based on the year of the collateral.
WRCU does not have minimum credit score requirements for our loans. Rates may vary based on score.
All you need to begin the application for a WRCU loan is a valid ID, proof of your current address & proof of your income. A Sr. Member Service Representative will reach out once your application is received to discuss options & let you know if anything else is needed.
