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Is there such a loan called ‘Land / Home Package’ ? Or what loan will cover land and a mobile home?

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Tuesday, March 19th, 2013 Land for Sale

1 Comment to Is there such a loan called ‘Land / Home Package’ ? Or what loan will cover land and a mobile home?

  1. don’t buy a new mobile home to place on land. Buy a mobile home that is already on land. Use an FHA loan or USDA loan.
    Almost anyone can get a “land/home” loan for a new mobile home – what they don’t tell you is that when it’s time to sell it, you might have to pay to have the house attached to the land.

    So buy a pre-owned one with a MORTGAGE loan (not a mobile home loan) and make sure that the house and land are already attached.

    Expect less than 6% interest rate.

  2. teran_realtor on March 19th, 2013