Mobile Home Loans

Mobile Home Loans

Are you looking for a mobile home in West Virginia? We can help with local, stress-free financing. When you get your home loan from First Exchange Bank, you can expect a simple and friendly process from start to finish. Our locally based mortgage lenders have experience and connections with local modular home communities. Come to us with all your mobile home financing needs and questions.

Why Buy a Modular Home

What is A Mobile Home?​

Also known as a manufactured or modular home, a mobile home is a type of house that is built in a factory and then installed on-site. The primary distinction between mobile and “stick-built” homes is that mobile homes can be moved from lot to lot, whereas stick-built houses are permanently located. However, permanent and tier foundation options may also be available for manufactured homes.

How to Get Mobile Home Financing​

If you want to purchase an existing mobile or manufactured home, you may be able to finance your purchase with a conventional mortgage. We offer in-house lending with financing up to 89.99% of the purchase price. First Exchange Bank also offers Manufactured Home Loans for your mobile home purchase, including doublewides.

Mobile Home Construction Loan​

This is our most popular type of mobile home financing. A Mobile Home Construction Loan provides financing for the costs associated with building and constructing your mobile home.

First Exchange Bank offers single-close construction loans for your modular or mobile home construction. Single-close loans cover all the short-term costs associated with construction and assembly. Once your new mobile home is complete and installed on-site, your construction loan automatically converts to a long-term mortgage loan. This gives you more convenience, less hassle, and the savings of only one closing with closing costs. Learn more about single-close construction loans.

Why Finance Your Mobile Home With First Exchange Bank?

As a longtime community bank serving North Central West Virginia, we have a relationship with many local modular home communities. Our experience in this area of home financing helps us guide you through the process for a smoother journey from application to closing. To learn more about your mobile home financing options, contact your local First Exchange Bank office in Morgantown, Mannington, White Hall, Hundred, Fairmont, Fairview, and beyond. If you’re ready to get started, you can apply online for a First Exchange Mortgage Loan.