Mobile Home Loans

Purchase or refinance an owner-occupied new or used mobile home

Mobile Home Loans


Interested in buying a mobile home? Finance with us!

Mobile homes must be located within the state of Maine. Terms and conditions are based on credit score and amount being financed.


New Mobile Homes
  • OTIS will finance up to 80% of the purchase price with proof of 20% down payment on the purchase of a NEW mobile home.
  • New mobile home loans may be financed for up to 15 years, depending on the qualifications of the borrower.

Used Mobile Homes
  • Appraisals are required on purchases of used mobile homes. The maximum loan amount is 80% of purchase price or 80% of appraised value (whichever is less).
  • Used mobile homes may be financed for up to 10 years, depending on the amount of the loan, the appraisal, and the qualifications of the borrower.

Financing Member-Owned and Occupied Mobile Homes
  • 80% of appraised value on appraisals less than 1 year old
  • 60% of appraised value on appraisals 1-5 years old
  • 50% of appraised value on appraisals 5 years or older or tax values

Kariss Loan OfficerExtension 128
Lindsay Loan OfficerExtension 103
Caitlin Loan OfficerExtension 108
Jamie Loan ManagerExtension 124

It’s easy to apply! Call 897-0900 or stop in at the Credit Union and talk to one of our friendly loan officers today!