Manufactured Home Loans

CF Bancorp is proud to offer Manufactured Home loans.  If you are purchasing a manufactured home, need to attain cash from the equity in your manufactured home or simply want to lower your interest rate; CF is in the business of lending on Manufactured Homes.  CF lends on purchase or refinance transactions on a Primary Residence or Second home.

Citizens Bancorp offers 15-20-30 year fixed rate term.

Guidelines change in conjunction to market conditions, at this time we require ten percent down payment on all purchase transactions.

A purchase transaction will allow loan proceeds to finance the purchase of the Manufactured Home.  The proceeds may also be used to purchase land, or you may currently own the land separately.  In certain instances you may include documented costs for set up delivery, site development, installation and permanent utility connections including well and a septic system.  Credits for wheels and axles and any manufactured Home Retailer rebates must be deducted from the purchase price along with any sales concessions.

If you purchased land previously to your manufactured home purchase keep in mind that if the land was purchased less than twelve months prior to your application from your loan we will use the purchase price of the land or the appraised value whichever is the lower figure of the two.  If land was purchased over twelve months from the application date we will reference the appraised value.

CF will assist borrowers with a no cash out refinance which will allow consumers to payoff a first lien or second lien secured by the property.  Depending upon the appraised value of the property, consumers can choose to roll in their closing costs and escrow (taxes) and attain up to a maximum of $2,000.00 back at closing.

Call your local home town experts so we can assist you with your Manufactured Home loan.  We are always available to meet you for a consultation or a phone call or “click” away.