Coachmen Housing Group Announces New Mortgage Program

All American Homes® and Mod-U-Kraf Homes®, both subsidiaries of the Coachmen Housing Group, today announced the launch of a new initiative to help provide prospective home buyers with more options for the financing of the company’s new homes.

All American Choice Mortgage™ will offer most types of home mortgages including construction-to-permanent loans to buyers purchasing new All American or Mod-U-Kraf homes through the company’s network of 450 independent builders. A wide variety of customized mortgage plans will be available including options for buyers with more modest credit scores or borrowers with down payments of less than 20%.

Art Breitenstein, Vice President of Sales & Marketing for Coachmen’s Housing & Building Group said the new program was designed to offer builders and their customers broader access to competitive mortgage financing quickly. Home buyers will work with a mortgage consultant who will design a custom mortgage plan for the buyer based on their specific needs.

“We want our customers to know, despite what they see on television or read in the paper, that mortgage financing is still available at very competitive rates to average borrowers and that we can help them through the qualification process quickly and easily. Most mortgage applications can be approved within 48 hours,” he added.

All American Choice Mortgage is a venture between American Home Bank, N.A. and Consolidated Building Industries, LLC, a subsidiary of Coachmen Industries, Inc. and allows no recourse against Coachmen.

All American Homes has been building quality single and multi-family residences since 1970. Homes up to 3,500 square feet are offered through a network of over 450 independent builders in 30 states. Log homes are offered under the Ameri-Log Homes® brand. All American Homes is also a proud builder of barracks for the United States military under its All American Building Systems subsidiary.

Coachmen Industries, Inc. (NYSE: COA) is one of America’s leading manufacturers of recreational vehicles, systems-built homes and commercial buildings, with prominent subsidiaries in each industry. Through ALL AMERICAN HOMES® and MOD-U-KRAF®, the Company is one of the nation’s largest producers of systems-built homes, and also a major builder of commercial and multi-family residential structures with its ALL AMERICAN BUILDING SYSTEMS products. Coachmen Industries, Inc. is a publicly held company with stock listed on the New York Stock Exchange (NYSE) under the ticker COA.