Manufactured Housing Park Program

Cooperative Home Loan Program (CHLP)

Mortgage loans for homeowners in NH’s resident-owned communities

Home loan FAQ

The need

Cooperative ownership secures the land beneath manufactured homes. But the way these homes are financed makes them more expensive to buy. Interest rates on loans for manufactured homes are 3 to 12 percent higher than those conventional mortgage loans.

A solution

To provide reasonably priced fixed-rate loans to individuals in resident-owned communities, the Cooperative Home Loan Program offers loan products for homeowners in cooperative parks, including:

Refinancing with Community Loan Fund

• first-time home buyer loans through New Hampshire Housing Finance Authority
• refinance/home-equity loans
• purchase loans for existing homes

Pre-qualify for a loan

Download our application package (pdf). Please read the checklist (first sheet) carefully, then print, fill in and sign the one-page General Authorization and the four-page Loan Application. Mail them with your check (see #10 on the checklist) to Nadine Salley, Community Loan Fund, 7 Wall St., Concord, NH 03301.

Contact information

To apply for a loan or for more information, contact Nadine Salley, Director of Lending, at (603) 224-6669 ext. 240, or nsalley@theloanfund.org