CHFA Mobile Manufactured Home Loan Program

CHFA Mobile Manufactured Home Loan Program is a first mortgage for homebuyers in Statewide, Connecticut, administered by Connecticut Housing Finance Authority (CHFA). The CHFA Mobile Manufactured Home Loan Program offers low-interest financing to purchase or refinance a mobile manufactured home in a Connecticut state-licensed mobile home park. It carries a fixed 3.00% rate, up to 105% LTV (no down payment), loan amounts from $2,000 to $150,000, terms up to 30 years, and no mortgage insurance. First-time and repeat buyers and refinancing homeowners are eligible. Income must not exceed 100% AMI. Relaunched in 2025; limited funding. Fixed 3.00% interest rate. Up to 105% LTV - no down payment. No mortgage insurance. Loan amounts $2,000-$150,000, terms up to 30 years. Purchase or refinance. Funding comes from CHFA (program funding is limited; once exhausted, no further reservations).

CHFA Mobile Manufactured Home Loan Program offers between $2,000 and $150,000 in assistance. Amounts are the program's published maximums, not an offer — Connecticut Housing Finance Authority (CHFA) determines any individual award.

CHFA Mobile Manufactured Home Loan Program is a first mortgage and is repaid under the terms set by Connecticut Housing Finance Authority (CHFA). The assistance is recorded in First mortgage on the mobile/manufactured home position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

CHFA Mobile Manufactured Home Loan Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Not published on consumer materials; determined by the underlying first-mortgage product and CHFA underwriting. A homebuyer education course is required, through Free CHFA homebuyer education class required only when ALL borrowers are first-time homebuyers. Residency requirement: Must be a year-round owner-occupied primary residence in a Connecticut state-licensed mobile home park; occupy within 60 days of closing. Distinct CHFA FIRST-MORTGAGE portfolio product (not a DPA second loan and not the rate-reduction overlay). Home must be in a CT state-licensed mobile home park, affixed (wheels/hitch/axles removed), year-round primary residence occupied within 60 days. Income <=100% AMI (Fannie/Freddie). Max 50% DTI. Cannot own other property at closing. Limited funding. Min credit score and exact dollar AMI not published (blank).

CHFA Mobile Manufactured Home Loan Program limits household income to 100% of the area median income, which varies by county and household size. Income must not exceed 100% AMI (Fannie Mae/Freddie Mac Conventional limits). See CHFA Mobile Manufactured Home AMI chart (Rev. 5-21-25). Dollar AMI varies by county. The limit applies to total household income, not only the borrower&rsquo;s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

CHFA Mobile Manufactured Home Loan Program caps the purchase price as follows: No CHFA bond sales-price limit; loan capped at $150,000 max / $2,000 min. LTV up to 105% (no down payment required). Eligible property types include Manufactured. Manufactured homes are eligible.

CHFA Mobile Manufactured Home Loan Program serves homebuyers purchasing in Statewide, Connecticut.

Applications for CHFA Mobile Manufactured Home Loan Program go through Connecticut Housing Finance Authority (CHFA), which publishes the current terms and the application steps on its own site. Funds are reserved through Reserved through a CHFA Mobile Home Program lending partner; funding limited and first-come until exhausted. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.