Can I Use My Land as a Down Payment?
Yes, in many cases. Here's how land you own can replace a cash down payment on a manufactured home.
Financing Options › Financing FAQs
In many cases, yes. If you own land, its equity can often take the place of some or all of a cash down payment on your new home. Lenders call this a "land-in-lieu" loan.
How it works
The lender appraises your land and checks that the title is clear. The land and your new home then secure the loan together, and the land's equity counts toward your down payment. Often it covers the whole thing.
What you'll need
- The deed to the land
- A statement for any loan still on the land
- Every owner on the title willing to be part of the loan
- A lot that allows a manufactured home and has a workable plan for water, sewer or septic, power and access
One thing to keep in mind
Because the land becomes collateral, missing payments could put both the home and the land at risk. Pick a payment you're comfortable with.
Tell us early
Land changes the math, so mention it in your first conversation with us. Not every lender offers this, and we'll point you to the ones that do.
Read the full guide to using land as a down payment →
Questions? Call Vision Homes at (910) 323-8222 or see all of our financing options.
Let's figure out your best path
Get pre-approved online or call us and we'll run the numbers with you. Se habla español.
Vision Homes
Manufactured, mobile and modular homes in Fayetteville, NC. Tour homes and get financing help. Serving NC, SC, VA, GA and AR. Se habla español.
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