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My husband and I found fantastic property, and are wanting to purchase a double wide, retrofitted home to put on the land. Lenders these days will not do a land loan alone. Is it possible to purchase land and a house that are both listed seperately, but under one loan?

4 Thoughts on Two properties, one loan?
  1. Reply
    February 12, 2014 at 6:53 am

    No. You need to own the land free and clear before the manufacturer of the double wide will float you loan. Other mortgage lenders will not even consider the two under one loan since the amount of your mortgage is based on the value. Seperate the two have very little value

  2. Reply
    February 12, 2014 at 7:03 am

    Possibly, if they are both owned by the same person, but even then you should have each piece of property stand on its own.

  3. Reply
    February 12, 2014 at 7:52 am

    the mobile home dealers have land home packages so yes it can be done but when set up then it becomes one loa and 1 lien all together and they are not apart in any way. FHA and Rural developement will do these as well
    I am a mortgage banker in TN & KY

  4. Reply
    Ed Atun
    February 12, 2014 at 7:55 am

    Most banks will not do this loan. A private lender might do it if you make a good combined income. Ask several mortgage brokers for the name of a Private Lender (just a member of the community who wants to earn more interest than a bank CD will pay)..

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