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Mobile Home Loans  

Mobile Home Loans Sometimes you’re not quite ready to buy a house, but you don’t want to pay rent either. A mobile home is a way to compromise, and we are here to provide financing to our qualified applicants.

For mobile homes that are your primary residence and located within the state of Tennessee, we offer two loan options, the terms of which depend on whether the structure comes with or without real property. An example of the latter would be if your mobile home sits on property that you do not own or that you are leasing from another individual.

For mobile homes that come with real property, we offer 80% loan-to-value financing for a maximum term of 15 years. The value used to set the loan amount is established by a current tax receipt or by a certified independent appraiser. The interest rate for this loan is set at two percentage points above the current 1st mortgage rate.

For mobile homes that come without real property, we offer 80% loan-to-value financing for a maximum term of 7 years at a competitive interest rate.

To apply for a mobile home loan, please stop in any First Choice location or apply online via our secure server.*

*Nonmembers are welcome to apply for any loan; however, you must meet membership eligibility requirements.

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