Loan FAQs — Manufactured Housing Park Program

What can loans be used for?
To purchase a park, deposit funds, predevelopment work (often in conjunction with a bank loan), and/or to make park infrastructure improvements (water, septic, electric systems).

What is the interest rate?
Contact us for current rates.

What is the term of the loan?
The term is negotiable.

Does the Loan Fund take collateral?
Yes. Each Loan Fund loan is secured by a mortgage on real property and, in some cases, other collateral.

What are the fees?
Contact us for current fees.

How soon can the Loan Fund make a decision on a loan request?
The turnaround on a loan request is generally one month. If a shorter turnaround time is needed, the process may be expedited.

Who should I contact?
Contact Peter Rhoads, Cooperative Assistance Team Program Manager 603-224-6669, extension 218 or email him at prhoads@theloanfund.org.