Home Financing

Home Financing

Loan Programs & Terms

We offer several A+ rated lenders for our customers to choose from that provide land & home packages or home-only financing.  Our lenders strive to provide excellent terms for the manufactured housing industry, taking into consideration all credit scores.

Land as Down Payment

If you already own your land Free & Clear, or own your land but still have a payoff, you can still use the equity in your land as a down payment for your land/home purchase.

Loan Programs 

FHA:

  • Only for Land/Home financing. 
  • 3.5% down 
  • Minimal closing costs
  • 30 year term
  • 620+ score
  • Seller can finance 6% of buyer closing costs into the loan.

USDA:

  • Only for Land/Home financing.
  • 0% down
  • Minimal closing costs
  • MUST be located in a RURAL setting (deemed by USDA)
  • 30 year term
  • 640+ score
  • Seller can finance 6% of buyer closing costs into the loan.

VA

  • Only offered for Veterans
  • Only for Land/Home financing. 
  • 0% down
  • Minimal closing costs
  • 30 year term
  • VA Funding Fee associated per lender
  • Seller can finance 6% of buyer closing costs into the loan.
  • 640+ score

Conventional

  • All credit scores considered pending lender, pending program
  • Down Payment – 5%  – 30% down depending on financial profile of buyer
  • No Private Mortgage Insurance
  • 15-30 year term offered
  • Interest rates vary per financial profile of buyer. 3% and higher