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Mobile Home
Mortgage Loans 

Capital To Empower Homeownership

Capital for Change manages a variety of programs to help prospective homeowners purchase and maintain their homes. Eligibility requirements are determined by our funding partners. 

Our Mortgage Programs

||| CHFA Mobile Home Purchase or Refinance Mortgage

Qualifying For Our Refinance Option
In partnership with the Connecticut Housing Finance Authority (CHFA), C4C provides mortgages to buyers or current owners of mobile homes located in state-licensed mobile home parks within Connecticut. These are income-targeted programs, with the income limits set by CHFA, and provide 3.00% fixed-rate financing with a choice of a 15 or 30 year repayment term. No down payment is required for purchase loans, but you must be able to pay your own closing costs and have a good credit history to qualify. Refinance applicants may include their closing costs in the new mortgage. 

Application Requirements 

  • Must meet program income limit – click here for details

  • Must occupy the property year-round

  • Home must be located in a state-licensed mobile home park and built after 1976

  • Prior homeowners are eligible, but may not own any other property at the time of the loan closing

  • (Purchase only) Must attend homebuyer education course prior to closing if you have not owned property within the last 3 years

  • (Refinance only) Must have owned the home for at least 6 months and paid your current mortgage as agreed

Key Loan Features ​

  • Maximum $150,000 loan amount

  • 3.00% fixed interest rate (APR range 3.10-3.50%)

  • 15-year or 30-year repayment term

  • Low closing costs

  • No application fee

  • No prepayment penalty

  • No mortgage insurance required

  • No down payment required

  • Taxes and insurance are escrowed (included with your monthly payment)

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For questions about the application process, please email lending@capitalforchange.org or call (855) 656-5500.

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