Manufactured Homes on Leased Land

Looking for an affordable option to call home? Whether you’re downsizing for retirement, searching for your first home, or just looking for a reasonable housing option, Industrial Credit Union offers great loan options for manufactured homes in parks in Whatcom County.

Loan Highlights
  • $750 origination fee
  • No prepayment/payoff penalty
  • Local service through Industrial, we don’t sell our servicing
  • Contact Industrial for questions regarding eligibility of specific homes

For rates for manufactured homes on land, see the Overview tab.

Click here to compare options with our Mortgage calculators.

Please Note: Rates are adjusted daily.

Annual Percentage Rate (APR). Expresses the total cost of the loan, including both the interest rate and applicable up-front fees, as a rate. Calculation based on an assumed loan balance of $300,000, points/credits as noted, and up-front fees of $1,000. Assumes no delay in funding nor any delay in initial payments.

Payment Example for a 30 Year Fixed Rate Mortgage: For example: if you take out a $450,000 loan with a 30-year term and a fixed rate of 8.750%, you would make monthly payments of $3,540.15. *This payment example does not include taxes and insurance.

*Industrial Credit Union does charge appraisal and title fees which may vary.

Rate Points/Credits Rate Position APR*
8.375% 1.500% Borrower Pays Points 8.594%
8.500% 0.750% Borrower Pays Points 8.637%
8.625% 0.250% Borrower Pays Points 8.708%
8.750% 0.000% Par Rate 8.805%
8.875% -0.125% Credit to Borrower 8.917%