home preferred faq

    conventional loans in ROCs

    What are Home Preferred Manufactured Housing in ROCs loans?

    They’re conventional mortgage loans for manufactured (mobile) homes that are available only in approved resident-owned communities (ROCs) in New Hampshire.

    It means these loans feature lower interest rates, down payments, and mortgage insurance requirements than you’ll usually find for manufactured homes. The terms are much more like those for traditional homes.

    People who want to purchase or refinance a manufactured home located in one of the approved ROCs. Borrowers must live in the home, and attend homebuyer education if they’re a first-time buyer.

    You can use them to buy a home or to refinance your current home, either to lower your interest rate and payments, or make home repairs or improvements.

    This is the current list of cooperatives. We hope to add more soon.
    • Bayview Village, Dover
    • Black Bear Village, North Conway
    • Camp Sargent Road, Merrimack
    • Elm Brook Village, Hopkinton
    • Exeter-Hampton, Exeter
    • Granite Estates, Derry
    • Lakes Region Mobile Home, Belmont
    • Lilac Drive, Raymond
    • Medvil, Goffstown
    • Otarnic Pond, Hudson
    • Pepperidge Woods, Barrington
    • Seacrest, Seabrook
    • Tranquility Estates, Raymond
    • View Point, Swanzey

    Definitely. Lower mortgage interest rates make it easier for homeowners to pay their monthly rent. Also, having low-cost home financing available makes the co-op more attractive to homebuyers, so it helps fill vacant sites and increases the co-op’s monthly earnings.

    Call us at (603) 224-6669, option 1.

    Home Preferred Manufactured Housing in ROCs financing is offered through the New Hampshire Community Loan Fund and New Hampshire Housing.

    New Hampshire Community Loan Fund Inc. NMLS ID 253893. Licensed by the New Hampshire Banking Dept.

    ROC-NH™ is a program of the New Hampshire Community Loan Fund, Inc. and a ROC USA® Certified Technical Assistance Provider. ROC-NH is a registered service mark of ROC USA, LLC.

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    Ron Thompson, NMLS #225348

    email
    Call (603) 224-6669

    select option 1

    Heather Ralphs, NMLS #2567112

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    Email is not a secure form of communication. Please do not use email to send any confidential or sensative information, including Social Security numbers, account numbers or passwords. If you need to provide this type of information to the New Hampshire Community Loan Fund, contact us by phone at (603) 224-6669, by fax at (603) 225-7425, or by paper mail.

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