New & Used Mobile Homes^
| Equity Plus | A fixed rate 2nd Trust Deed provides for a one-time loan funding, to be repaid over a fixed number of months at a fixed interest rate. A Home Equity Line of Credit (HELOC) is a line of credit that can be accessed via advances over the Draw Period and repaid over the Repayment Period, with a variable rate of interest tied to the Prime Rate as indicated above. Not sure which is better for you? How about both? Talk to us and we will review the options with you so that you can make the decision appropriate for your circumstances. |
APR=Annual Percentage Rate.
APRs listed reflect application received with a credit score exceeding 680.
Add 0.50% to APR listed for credit scores between 660 - 679;
add 1.00% to APR listed for credit scores between 620 - 659.
Credit scores determined by individual Member credit ratings.
Rates listed apply when payments are made by an automatic payment method. Increase 0.25% for loans without an automatic payment method.
Add 0.50% to APR for loans under $10,000
Add 0.50% to APR for no-fee loans under $20,000
Add 0.25% to APR for loans on second homes
Add 0.375% to APR for loans on non-owner occupied residences
Add 0.50% to APR for loans using Stated Income; maximum CLTV is 80% and other restrictions apply.
Minimum interest rate on Home Equity Line of Credit is 5% below initial interest rate. Maximum APR on Home Equity Line of Credit is 15-18% depending on initial Combined Loan to Value. Average fees on a no point loan of $50,000 or less range from $950-$1050. Modifying an existing RCU equity line is $250. No annual fee. Maximum combined Loan to Value is 80% for Manufactured Homes.
^Financing available up to 80% purchase price for new, and 80% of favorable appraisal amount on used mobile homes. Mobile homes must be 10 years old or newer.
APRs listed reflect application received with a credit score exceeding 680.
Add 0.50% to APR listed for credit scores between 660 - 679;
add 1.00% to APR listed for credit scores between 620 - 659.
Credit scores determined by individual Member credit ratings.
Rates listed apply when payments are made by an automatic payment method. Increase 0.25% for loans without an automatic payment method.
Add 0.50% to APR for loans under $10,000
Add 0.50% to APR for no-fee loans under $20,000
Add 0.25% to APR for loans on second homes
Add 0.375% to APR for loans on non-owner occupied residences
Add 0.50% to APR for loans using Stated Income; maximum CLTV is 80% and other restrictions apply.
Minimum interest rate on Home Equity Line of Credit is 5% below initial interest rate. Maximum APR on Home Equity Line of Credit is 15-18% depending on initial Combined Loan to Value. Average fees on a no point loan of $50,000 or less range from $950-$1050. Modifying an existing RCU equity line is $250. No annual fee. Maximum combined Loan to Value is 80% for Manufactured Homes.
^Financing available up to 80% purchase price for new, and 80% of favorable appraisal amount on used mobile homes. Mobile homes must be 10 years old or newer.
Rates and policies are subject to change without notice.
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