SAN JOSE, Calif.— PremierOne Credit Union said it has launched a new lending program aimed at expanding homeownership options for residents of manufactured home communities.
As of August 2025, the $620-million credit union began offering loans for HUD-approved manufactured homes classified as personal property — a category that includes owner-occupied homes on leased land that are not attached to permanent real estate.
PremierOne said the program is designed to fill a gap in the housing market by offering fixed-rate loans of up to $800,000 with terms as long as 25 years. Credit union officials said the new product is intended to make homeownership more affordable and attainable for families who rely on manufactured housing.
‘Evolving Needs’
“This program reflects our ongoing commitment to meet the evolving needs of our members,” Chris Caputo, vice president of lending operations, said in a statement. “By offering financing for manufactured homes on leased land, we’re opening doors for more families to achieve their dream of homeownership.”
New Loans, New Members
The credit union said it expects the program to drive an increase in loan applications as well as new membership growth.
Added President and CEO Andrea Brewer in a statement, “Our new Manufactured Home Loan Program is a powerful step toward expanding homeownership opportunities for families in our community,” she said.
