Mobile Manufactured Home Loan Program

Looking to purchase a mobile manufactured home in a licensed park? The Connecticut Housing Financing Authority (CHFA) Mobile Manufactured Home Loan Program is the perfect solution. Thomaston Savings Bank is proud to be one of only four participating lenders and the only bank lender in the program. As your local, trusted partner, we’re here to help you navigate the process with confidence.

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Financing for Manufactured Homes, Made Simple

Unlock the door to affordable homeownership with CHFA’s Mobile Manufactured Home Loan Program. Designed with flexibility and accessibility in mind, this program offers an opportunity for homebuyers and families to purchase or refinance a mobile manufactured home with ease. With low interest rates and no down payment required, it’s never been simpler to make your homeownership goals a reality.

Benefits include:

Low Monthly Payments: Take advantage of affordable monthly payments with up to 30-year financing.
No Down Payment Required: Benefit from 100% loan-to-value financing, meaning you can buy your home with no money down.
Flexible Financing Options: Whether you're purchasing a new mobile manufactured home or refinancing your current one, this program offers options that fit your needs.

Who Qualifies?

The CHFA Mobile Manufactured Home Loan Program offers flexible options for those buying their first home, purchasing again, or looking to refinance a manufactured home.

To qualify, applicants must meet the following eligibility criteria:

Homebuyer Status: You must be a first-time or repeat homebuyer, or an existing homeowner seeking to refinance.
Primary Residence Requirement: The mobile home must be your primary residence. Vacation homes or investment properties are not eligible, and borrowers may not own any other real estate at the time of closing.
Income Limits: Household income must not exceed 100% of the area median income (AMI), as defined by Fannie Mae and Freddie Mac.
Loan Amount: The maximum loan amount is $150,000.
Debt-to-Income Ratio: Your total debt-to-income (DTI) ratio must not exceed 50%.

Learn More About Loan Guidelines

Debt-to-Income Ratio

Determine your debt-to-income ratio, an important measure in determining your ability to get a loan.

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Meet the Team

Contact one of our mortgage loan officers today.

Jason Alldredge

NMLS ID 457926
Work: 860-283-3441
Mobile: 203-558-0290

Vania Guerrera

NMLS ID 457927
Work: 860-283-3487
Mobile: 203-525-0364

Bob Frazee

NMLS ID 103851
Work: 860-283-3406
Mobile: 860-559-0353

Gary Margelot

NMLS ID 555699
Work: 860-283-3489
Mobile: 203-910-6892

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