A land-home loan packages the manufactured or modular home and the land into a single financing arrangement. Whether you're buying a parcel and placing a new home on it, or you already own land and need to finance the home, this is the path designed for you. The home is treated as real property — permanently affixed to the land — which often means more program options and longer loan terms than a chattel loan.
This loan fits when…
- Buying a lot and a home at the same time
- You already own land and want to place a new home on it
- Modular or prefab homes on private property
- Buyers who want the home treated as real estate
This loan doesn't fit when…
- The home will be in a leased-lot community (chattel is the better fit)
- You're not buying or don't own the land
- A site-built stick home — these are standard mortgages
Not sure which fits? See Chattel Loans or ask us directly.
How the process works
From first inquiry to closed loan — here's what to expect.
Tell us about your situation
Fill out our short form — whether you're buying land now or already own it. No hard credit pull at this stage.
A lending specialist reaches out
Typically within one business hour. They'll discuss your land ownership status, the home you're considering, and which program fits best.
Application & documentation
You'll complete a full application and provide documents: income verification, land details, home specs, and builder or dealer information.
Appraisal & underwriting
Land-home loans typically require an appraisal of the combined property. Our team manages the process and keeps you informed.
Closing
At closing, both the land and home are conveyed together and the home is permanently affixed to the property.
Common questions
- What is a land-home loan?
- A land-home loan — sometimes called a land-home package — finances both the manufactured or modular home and the land it sits on in a single loan. The home is treated as real property once it's permanently affixed to the land, which can open up more financing options compared to a chattel loan.
- I already own land. Can I use this to finance just the home?
- Yes. If you own land outright (or can use it as equity), we may be able to structure a land-home loan that uses your existing land as part of the package. A lending specialist can walk you through how that works.
- Does the home have to be new?
- New homes are the most common use case, but eligibility for existing manufactured homes depends on the program. A lending specialist can give you a straight answer once we know more about the specific home.
- What's the difference between a manufactured home and a modular home?
- Manufactured homes are built to HUD code and can be financed with chattel or land-home loans. Modular homes are built to local building codes and are generally treated as real property — land-home financing usually applies. Both are in our wheelhouse.
- Do I need a down payment?
- Down payment requirements vary by program, loan amount, and your credit profile. A lending specialist will walk you through what's realistic for your situation.
- How is a land-home loan different from a chattel loan?
- A chattel loan covers only the home — typically used when you're renting the land in a community. A land-home loan covers both the home and the land, treats the home as real property, and is used when you're buying or already own the parcel.
Ready to see if you qualify?
No hard credit pull. A licensed specialist will follow up within one business hour.