fixed-rate, conventional loans

We know how hard it is for owners and buyers of manufactured (mobile) homes to find fixed-rate, long-term mortgage loans.

That’s why we created Welcome Home Loans.

Welcome Home Loans are for people who have, or who want, the security of living in a manufactured home in a resident-owned community (ROC) or on their own land in New Hampshire. They can be used to buy or refinance a home.

What you need to know
  • Single-family first-mortgage loans for purchase, refinance or home equity
  • No limit on age of house
  • No minimum credit score required, but satisfactory record of repayment on past credit needed
  • Borrower must have a stable income and show that they will be able to repay the mortgage
  • Minimum down payment of 5%; at least 2% must come from the borrower, the rest can come from gifts or from the seller
  • Income from self-employment is accepted
  • Fixed interest rate; current interest rate is 8.875% (Annual Percentage Rate of 8.953% with a $100,000 loan amount, $5,000 down payment, 30-year term, no points*).
  • Terms from 5 to 30 years
  • No private mortgage insurance required
  • Appraisal required

* Your actual rate, payment, and costs could be higher. Get an official loan estimate before choosing a loan.

We will lend up to
  • 95% of the lower of the purchase price or appraised value for a purchase mortgage loan
  • 95% for the refinance of an existing mortgage loan, and
  • 85% of the appraised value for “cash out” refinances and home equity loans
see a list of ROCs in New Hampshire
How to start

Contact one of our mortgage specialists listed below. We’ll answer all your questions and provide a free, no-pressure consultation, including a review of the terms of your current loan (if you have one).

Ron Thompson, (603) 224-6669 ext. 756, NMLS #225348

Pamela J. MacDonald, (603) 224-6669 ext. 764, NMLS #1385324

Ready to apply?

Read the checklist on the first sheet carefully, then print, fill in and sign the one-page General Authorization and the four-page Loan Application.

Mail the General Authorization, Loan Application and all other checklist documents that apply to you, to NH Community Loan Fund, 7 Wall St., Concord, NH 03301.

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

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New Hampshire Community Loan Fund
7 Wall Street, Concord, NH 03301
603-224-6669 fax 603-225-7425

Email info@communityloanfund.org

© 2010-19 New Hampshire Community Loan Fund. All rights reserved. New Hampshire Community Loan Fund Inc. is an equal opportunity provider and employer. NMLS ID 253893. Licensed by the New Hampshire Banking Department. Equal Housing Lender. Privacy policy.

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