Manufactured Housing Park Program

Cooperative Home Loan Program (CHLP)

A program for homeowners in New Hampshire’s resident-owned communities

Eligibility quiz & FAQs (pdf)

The need

While cooperative ownership secures the land for the benefit of the homeowners, the lack of conventional financing undermines home ownership on that land. Private, sub-prime lenders control 85 percent of the “land-lease” market. Interest rates run between three to twelve percent above conventional residential rates.

A solution

To provide reasonably priced fixed rate loans to individuals in resident-owned communities, the Cooperative Home Loan Program currently offers loan products for homeowners in cooperative parks, including:

Homeowner refinances with Loan Fund (click here)

• first-time home buyer loans through New Hampshire Housing Finance Authority
• refinance/home-equity loans
• purchase loans for existing homes

To pre-qualify for a loan, click here (pdf)

Please print and fill in form, then fax to Jeff Monier at (603) 856-0799

Contact information

• To apply for a loan or to receive loan information, contact Jeff Monier at 603-620-0573 or jmonier@theloanfund.org

• For general information, contact Ulrike (Uschi) Graham, Cooperative Home Loan Program Manager, at 603-856-0737 or ugraham@theloanfund.org.