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Manufactured Home Only Loans

Rates Effective as of May 27, 2022

The following loan rates are available for manufactured homes located within the Lower Eastern Shore of Maryland, Accomack County, Virginia and Lower Delaware.

Used Single and Double Wide Manufactured Home Only
1 - 30 Years Old*

ProductDown PaymentMax. TermInterest RateAPR**Payment per $1,000.00
Fixed Rate10%10 Yrs.6.500%6.500%$11.36
Fixed Rate20%10 Yrs.6.000%6.000%$11.11
Fixed Rate30%10 Yrs.5.250%5.250%$10.73
Fixed Rate10%15 Yrs.6.750%6.750%$8.86
Fixed Rate20%15 Yrs.6.250%6.250%$8.58
Fixed Rate30%15 Yrs.5.500%5.500%$8.18
Fixed Rate10%20 Yrs.7.000%7.000%$7.76
Fixed Rate20%20 Yrs.6.500%6.500%$7.46
Fixed Rate30%20 Yrs.5.750%5.750%$7.03

Maximum Loan Term = 10 Years for All Loan Amounts on Single Wide Used Homes 16 - 30 Years Old
Maximum Loan Term = 15 Years for All Loan Amounts on Single Wide Used Homes 1 - 15 Years Old
Exceptions granted for Maximum Loan Term = 20 Years for All Loan Amounts on Double Wide Used Home 1 - 5 Years Old

*Up to 30 years old - The lessor of 90% of the Appraised Value or Sales Price plus taxes, fees and insurance.

Homes older than 30 years old - please call for rates and terms.

Payments do not include amounts for taxes and insurance premiums, if applicable.

Manufactured Home and Land Loan Financing Available

**Monthly loan payment per $1,000 borrowed is based on the interest rate and maximum loan term quoted for each loan product.
Annual Percentage Rate is based on the index for the week of May 27, 2022

Subject to Credit Approval

The interest rates quoted are subject to revision without prior written notice.

First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
Equal Housing LenderFDIC