Construction, Vacant Land, and Manufactured Home Loans
Build the home of your dreams or make the most of your investment dollar
with Sunward.
Apply Now Estimate Your Payments CONNECT WITH A HOME LOAN OFFICER
CONSTRUCTION LOANS
Go from a vacant lot and blueprints to move-in day with financing and
terms to fit your budget. A Sunward construction loan has a 12-month
construction period1 with interest-only payments while you're
building. Construction loans are currently only offered in the greater Albuquerque
area.
VACANT LAND LOANS
Get great terms and low costs from Sunward. With 12 year terms2, 75% loan-to-value, and no points, you can get more for your
investment dollar. Call 505.237.7161 or 800.947.5328, ext.7161 to speak
to a Sunward loan officer for more information or to apply.
MANUFACTURED HOME LOANS
Build your future with confidence. Sunward now offers a range of
flexible financing options for manufactured homes — including fixed-rate
and adjustable-rate loans — with up to 95% loan-to-value and no mortgage
insurance required.
Enjoy predictable payments, competitive terms, and the personalized
guidance of a local lender who understands local needs.
To qualify, properties must be:
- Double wide (multi-width) or larger
- Owner-occupied
- Permanently attached and taxed as real property
- No more than 20 years old
Loan Options Include:
- Fixed-rate 1st mortgages (up to 95% LTV)
- 5/5 ARM, 7/1 ARM, and 15/15 ARM options also available
- Terms up to 30 years3
-
Purchase or rate-and-term refinance (limited cash-out, excluding TX)
Call 505.237.7161 or 800.947.5328, ext. 7161 to learn more or apply.
RATES FOR NON-OWNER OCCUPIED MORTGAGES
Sunward offers a 5/5 adjustable rate mortgage up to 75% loan-to-value
for 1-4 family properties that are non-owner occupied. 30 year
amortization4, 15 year balloon. Home Equity CreditLines are
also available up to 75% loan-to-value, 5 year draw/15 year
amortization. Call 505.237.7161 or 800.947.5328, ext.7161 to speak to a
Sunward loan officer for more information or to apply.
Return to home loan options
APR=Annual Percentage Rate. Rates and terms subject to credit
approval. Not all applicants will qualify for the lowest rate. Third
party fees may apply. Additional fees may apply outside New Mexico.
You will receive an estimate of closing costs when you apply. Consult
your tax advisor regarding the deductibility of interest. You must
insure the property that secures the loan. APR calculations are based
on the following loan amounts: Non-Jumbo: $180,000, Jumbo: $806,500,
Vacant Land: $100,000.
1 Variable rate loan adjusts up to 2.25% every five years and
will not vary more than 4.5% from the rate at issue. Available rate based
on credit history. Not everyone will qualify for lowest rate. 5.5% floor
rate after origination. Loan payments adjusted every five years if necessary.
Payments based on 30-year amortization, repayment term of 15 years with
a balloon payment at end. Maximum loan to value is 75%.
2 Variable rate loan adjusts quarterly with adjustment not to
exceed 0.5% and will not vary more than 7.0%. 5.5% floor rate. Five year
draw period and a 15-year repayment period. Payments adjust with every
draw and once a year if necessary. Jumbo loans are available; contact Sunward
for details.
3 As of 10/20/2025, APR is as low as 6.233% based on a loan
amount of $180,000. Maximum loan-to-value is up to 95% for loan amounts
up to $806,500. Repayment term: 360 monthly payments of $6.08 per $1000
borrowed. Sunward offers manufactured home loans in all states currently
serviced by the Credit Union. Modular and panelized homes are not considered
manufactured homes and are subject to different guidelines.
4 Variable rate loan adjusts up to 2% annually and will not
vary more than 6% from the rate at issue. 5% floor rate. Loan payments
adjusted every year if necessary. Maximum loan to value is 75%.
