#United States #San Jose #homeownership #PremierOne Credit Union #Manufactured Home Loans

PremierOne Credit Union's New Manufactured Home Loan Program

PremierOne Credit Union, based in San Jose, California, has officially launched an innovative lending program targeted at enhancing homeownership opportunities for residents of manufactured home communities. This new initiative is particularly significant as it paves the way for financing HUD-approved manufactured homes that are classified as personal property.

As of August 2025, potential homeowners can access loans for manufactured homes that are situated on leased land, addressing a vital need in the current housing market. The program is designed to facilitate the purchase of HUD-labeled manufactured homes, which, unlike traditional homes, may not be physically attached to real estate.

Key Features of the Loan Program

The manufactured home loan program offers attractive financing options with:

• - Loan Amounts: Borrowers can take out loans of up to $800,000.
• - Loan Terms: Fixed-rate mortgage options extend up to 25 years.

This strategic move by PremierOne aims to afford more families the opportunity to attain their dream of homeownership while improving financial stability. According to Chris Caputo, Vice President of Lending Operations, this initiative reflects the credit union's dedication to evolving with the needs of its members. He commented, "By offering financing for manufactured homes on leased land, we're opening doors for more families to achieve their dream of homeownership."

Community Impact and Future Prospects

The launch of this program is anticipated to not only increase loan applications but also broaden membership growth for PremierOne Credit Union. It emphasizes their commitment to ensure that everyone has access to safe and affordable housing. Andrea Brewer, President and CEO of PremierOne, remarked, "Our new Manufactured Home Loan Program is a powerful step toward expanding homeownership opportunities for families in our community. By offering flexible financing for homes on leased land, we're helping members build stability and equity—on their terms."

While this program opens new doors in financing, it's important to note that all loans will be subject to credit approval and program eligibility. Applicants must also meet membership criteria, including living, working, worshipping, or studying in specific eligible counties.

About PremierOne Credit Union

PremierOne Credit Union has a strong commitment to assisting its members in achieving better financial lives through trustworthy relationships and personalized service. With over $620 million in assets, PremierOne serves individuals across eight counties, including Santa Clara, Santa Cruz, Monterey, and more. Members enjoy access to multiple branches, along with extensive nationwide banking networks of nearly 5,000 CO-OP branches and 30,000 ATMs.

For more information about their new loan program and other offerings, visit PremierOne Credit Union's website.

This new lending initiative by PremierOne Credit Union clearly marks a significant step towards enhancing the landscape of homeownership, especially for families dreaming of owning a home in manufactured communities. As housing challenges continue to evolve, such proactive measures may play a crucial role in providing the necessary financial support to those in need.

By championing this cause, PremierOne Credit Union not only leads but also inspires other financial institutions to consider similar programs that could foster better housing solutions for diverse communities.