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Mobile Homes C.M.H.C. Program

Availability:
This is an ongoing program and will be subject to review.

Eligible Borrowers:
Anyone intending to purchase a manufactured (mobile / modular) home as their principal residence.

Eligible Homes:
New, resale or existing units

  • situated on owned or leased land.
  • market value estimates may include site servicing costs that typically make up part of the purchase price.
  • includes single and multiple widths certified under CSA-Z240 and CSA-A277 standards.
  • includes modular units certified under CSA-A277 standards.
  • existing units must meet CMHC standards and not need be certified under CSA-A277 or CSA-Z240 standards.

Loan Amounts:
Maximum 95% of lending value (lesser of purchase price or appraised market value).

  • funds advancing procedures have been modified to be consistent with regular principal residence guidelines
  • single and progressive advances available on new construction

Other Features:
Ammortization to 25 years or "remaining life", whichever is shorter.

  • GDS to 32% including principal, interest, taxes, heat & pad rental
  • TDS to 40%

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Contact Info

Phone: 604 377-3108 Fax: 604 454-1697
Email Theresa



* In some circumstances Lender and/or Broker fees may be charged.

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