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CHFA reports strong early uptake for 100% financing for manufactured homes
Summary
Connecticut Housing Finance Authority told the Mobile Manufactured Home Advisory Council its May 21 program changes — 100% loan-to-value and a fixed 3% rate — produced 29 reservations and 13 closings totaling about $1.5 million as of the meeting.
CHFA rolled out an enhanced manufactured-housing loan program on May 21, 2025, and reported strong early demand to the Mobile Manufactured Home Advisory Council. Brian, a Connecticut Housing Finance Authority representative, told the council the program now offers "up to a 100% on the loan to value ratio" and a fixed 3% interest rate.
The change matters because it removes the previous 80% LTV cap on purchase loans and offers a lower, fixed rate; CHFA said interest rates in the local purchase market were often "in the sixes" before the program change.
CHFA said the program began with a small set of participating lenders and expanded that list at launch. "We added…
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