Mobile Manufactured Home Loan Program
In partnership with the Connecticut Housing and Finance Authority (CHFA), Chelsea Groton’s new Mobile Manufactured Home Loan Program provides the opportunity for borrowers to purchase or refinance a mobile home with affordable financing and flexible terms. Qualifying homes must be located on leased sites in a Connecticut state-licensed mobile home park. Unique to this program, homes do not need to be permanently attached to a foundation.
Terms of this program:
- Below market interest rates
- Loan amounts from $2,000 up to $150,000
- 100% financing and seller can contribute to closing costs
Eligibility highlights:
- Prior homeowners welcome (must not own other property at closing)
- Year-round, owner-occupied residence required
- Income limits apply (see AMI limits at https://www.chfa.org)
The offer is subject to credit approval.
Ready to buy?
If you’re ready to get a mortgage, you can apply online, come into any branch or reach out to any mortgage lender on our Residential Lending Team, below.
Have questions? Speak with one of our Residential Loan Originators who has been helping customers realize their dreams for a very long time. Call 860-448-4174 or email us.
Residential Lending Team
