Your Home Can Improve Your Finances
Our Welcome Home Loans have helped hundreds of manufactured-home owners in resident-owned communities (ROCs) or on their own land refinance their mortgages or use the equity to expand or improve their homes.
Refinance Your Home Loan
Refinancing your loan might lower your monthly payments or allow you to pay off the loan sooner. It might help you escape a high interest rate, get you out from under an adjustable-rate mortgage or the need to pay mortgage insurance, or allow you to add or remove a borrower from the loan.
Every homeowner’s needs differ. We’re happy to walk you through your refinance options.
Money for Other Important Needs
While it’s never a good idea to think of your home as a quick money source, there are times that homeowners need to dip into the equity (the home’s market value minus the loan balance) they’ve built.
Maybe you need to make some expensive home or auto repairs, send a child to college, or pay off one or more credit cards. If you’ve owned the home for a few years, a home equity loan might be an option. We’re happy to discuss whether it makes sense for you to take out a home equity loan.
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
Resources
Helpful information for current homeowners
Most Frequently Asked Questions
Welcome Home Loans are fixed-rate, long-term mortgage loans for manufactured (mobile) homes located in N.H. resident-owned communities (ROC) or on their own land.
The fine print:
- Single-family first-mortgage loans
- 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
- Fixed interest rate
- Low downpayment
- Income from self-employment is accepted
- Terms from 5 to 30 years
- No private mortgage insurance required
- Appraisal required
We recommend becoming prequalified for a loan before submitting a full application. You may be able to prequalify for a Welcome Home Loan by completing a one-page form in English or in Spanish 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.
The only cost to apply is a credit report fee for each borrower. Please contact us for the current fee.
My 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.