Welcome Home 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 — for people who have, or who want, the security of living in an affordable manufactured-home in a resident-owned community (ROC) or on their own land in N.H.
Fixed-rate, Conventional Loans
Welcome Home Loans are long-term, fixed-rate mortgage loans for manufactured-homes. They are unique because of the low downpayment, no age limit on the home, no minimum credit score, terms up to 30 years, and require no private mortgage insurance.
Welcome Home Loans can be used to buy a new or existing home, refinance your current loan, or add to or improve your current home.
Help with Downpayment and Closing Costs
Depending on your financial situation, we may be able to help you with downpayment and closing costs on your Welcome Home Loan.
If you’d like to buy a new Energy Star home to place in a ROC, our Your Turn assistance offers an additional $35,000 loan to cover those costs.
If you’re buying a pre-owned home in a ROC or on land you own or are buying, and your household income is below a defined level, you may be eligible for $15,000 in assistance.
The Fine Print
Here’s what you need to know about Welcome Home Loans
- Single-family first-mortgage loans for purchase, refinance or home equity
- No limit on age of house
- Fixed interest rate
- Low downpayment
- Terms from 5 to 30 years
- No private mortgage insurance required
- Appraisal required
- No minimum credit score required, but satisfactory record of repayment on past credit needed
- Income from self-employment is accepted
Get Started by Prequalifying
You may be able to prequalify for a Welcome Home Loan by completing a one-page form and faxing or mailing it to us.
If you don't have a computer or access to a printer, please call us at (603) 224-6669, option 1, to schedule an interview.
ROCs Offer More Value, Security, and Better Financing
If you are considering buying a manufactured-home, you should know about the benefits of a ROC.
ROCs are cooperatives owned and run by the homeowners. Residents have greater control over rules and bylaws, access to better mortgage financing (which increases the value of their homes), and more financial security because they have a say in lot fees and park improvements.
Be sure to let your Realtor know you’re interested in buying or placing a home in a ROC.
Contact Us
Our Mortgage Loan Originators will take the time to understand your personal situation. You can contact them by email or call 603-224-6669 and select option 1.
Ron Thompson, NMLS #225348
Heather Ralphs, NMLS #2567112
Single father, veteran, and new homeowner
“The Community Loan Fund helped me clear up everything and put myself in a position to buy,” John [the home buyer] says.
Learn MoreHer first home, close to home
“It’s an awesome feeling. I’ve never been proud of myself, but I could not be more proud of myself right now,” Antonicia says.
Learn MoreMy favorite part of living here is the freedom of ownership. When we first bought the park, I remember my first feeling, that no one could take this away from me. I owned it.
Thank you for making my golden years golden.
The Community Loan Fund helped me clear up everything and put myself in a position to buy.
I will make y'all proud that you took a chance on me and invested in my life. I will never forget!
You don’t even know me and yet you gave me a gift of a home that I can afford and all the resources I need to start out with it. I’m truly grateful for all that you’ve done for me.
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