SANTA ANA, Calif. — Orange County’s Credit Union said it is now offering new financing options for manufactured and mobile homes.
The credit union said the objective is to make homeownership more accessible and affordable for a broader range of individuals and families.
“We understand that homeownership is a significant milestone,” CEO Kathy Jumper said in a statement. “In order to make this goal more attainable, we are expanding into the manufactured homes market. This will provide families with adaptable, cost-effective loans options that align with their lifestyle and financial plan.”
The $2.6-billion OCCU manufactured home loans feature:
- Down payment of just 10%
- Fixed-rate terms out to 25 years
- Preapprovals through an online application process with no upfront fees required to apply.
- No prepayment penalties
Flexible Financing
“The flexible financing options accommodate a variety of needs, whether for an owner-occupied home, a second/vacation home, single-wide or multi-wide, new or used homes,” the credit union said in announcing the new options. “Additionally, cash-out refinances are available and the loans cater to homes located in parks or communities, reinforcing the commitment to enhancing local living standards.”