Conventional Land/Home Financing Has Benefits of Tying In Your Land Equity to Achieve Preferred Terms

 In Manufactured Home Loans, Mobile Home Loans, Modular Home Loans

Conventional land and home financing is an efficient way to finance a manufactured or modular home quickly while experiencing the benefits of tying in the land equity to achieve preferred terms.

A portion of the appraised land equity may be used to eliminate all or a portion of the down payment (land-in-lieu) requirements of a lender.

A simple land/home financing does not necessarily require the home to be installed on a foundation system.

Conventional land/home loans may require monthly mortgage insurance if the loan-to-value ratio is above 80%. Conventional loan financing is available for purchasing manufactured homes as a second home. Other manufactured home loans such as FHA, VA, and USDA are only available on primary residences.

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