Orange County’s Credit Union introduces new manufactured home loans, expanding homeownership opportunities for members
Flexible financing options and low down payments available for owner-occupied and second homes
SANTA ANA, CA (August 13, 2024) — Orange County’s Credit Union, a Santa Ana-based financial services provider with more than 135,000 Members, announces new financing options for manufactured and mobile homes. These new loans aim to make homeownership more accessible and affordable for a broader range of individuals and families.
In today’s dynamic housing market, manufactured homes have become an increasingly popular option due to their affordability and flexibility. Orange County’s Credit Union is committed to providing a seamless and supportive loan experience for these homes, ensuring more people can achieve their dream of homeownership.
“We understand that homeownership is a significant milestone,” said Kathy Jumper, CEO of Orange County’s Credit Union. “In order to make this goal more attainable, we are expanding into the manufactured homes market. This will provide families with adaptable, cost-effective loans options that align with their lifestyle and financial plan.”
Orange County’s Credit Union’s new manufactured home loans feature a low down payment of just 10%, with fixed rate terms available for up to 25 years. Preapprovals are provided through an easy online application process, with no upfront fees required to apply. These loans come with no prepayment penalties, allowing borrowers to pay off their loans early without additional costs. The flexible financing options accommodate a variety of needs, whether for an owner-occupied home, a second/vacation home, single-wide or multi-wide, new or used homes. Additionally, cash-out refinances are available and the loans cater to homes located in parks or communities, reinforcing the commitment to enhancing local living standards.
In addition to these new manufactured home loans, the Credit Union offers a range of Member-focused financial services, including various types of loans, credit cards and checking accounts, with recent additions such as Access Checking and Plus Checking. Orange County’s Credit Union is a certified Community Development Financial Institution Credit Union and holds the Low-Income Designation to better serve Members of all backgrounds. Beyond financial services, Orange County’s Credit Union actively supports its community through volunteer programs, financial education workshops and partnerships with charitable organizations.
For more information on Orange County’s Credit Union, visit: https://www.orangecountyscu.org/manufactured.
About Orange County’s Credit Union
Orange County’s Credit Union is a Santa Ana-based financial services provider established in 1938 with more than 135,000 Members and over $2.6 billion in assets. As a not-for-profit financial services provider, Orange County’s Credit Union is owned by Members, not shareholders, which means its profits are returned to Members in the form of fewer fees, lower loan rates, and enhanced products and services. Orange County’s Credit Union is certified as a Community Development Financial Institution (CDFI) to support the challenges faced by low-income families and communities, and offers a full range of financial services to Members, including checking and savings, mobile banking, and retirement accounts, as well as auto, small business, and home loans with zero-percent down and three-percent down options. Federally insured by NCUA. Equal Housing Opportunity. All loans are subject to approval. Orange County’s Credit Union offers Membership to anyone who lives or works in Orange, Los Angeles, Riverside and San Bernardino Counties. For more information, visit Orange County’s Credit Union’s website at www.orangecountyscu.org or call (888) 354-6228.
