Land + Home Package Loans | A Guide
November 13, 2025
If you're exploring homeownership with a manufactured home and a plot of land, a land-home package loan might be the all-in-one financing solution you need. This type of loan that Triad Financial Services offers combines the cost of both the land and the manufactured (or modular) home into a single transaction—making the process simpler, more streamlined, and potentially more affordable.
What is a Land-Home Package Loan?
A land-home package loan wraps together the purchase (or financing) of the land, the manufactured home itself, and often the site preparation—such as foundation, utilities, and installation—into one loan. Basically, instead of taking out separate loans for the land, the home, and the site work, you get one loan with one closing and one monthly payment.
Why it Matters
When a manufactured home is financed by itself (especially when the land is rented or leased), lenders often treat it as personal property rather than real estate. This can lead to higher interest rates, shorter terms, and more restrictive underwriting. But when you own the land and finance it together with the home, the loan is more like a traditional mortgage on real property, which often offers greater stability and familiar repayment terms. The one-loan structure simplifies your billing, avoids multiple closings, and helps you budget with one payment instead of several.
How It Works
Here’s a common scenario for a land-home package loan:
- You choose a piece of land you want to purchase, or you might already own the land.
- You select a manufactured or modular home to be placed on that land.
- The financing covers the land purchase cost (if applicable), the cost of the home, and might also cover site preparation. This all becomes one loan amount.
- You close once rather than multiple times for land and home purchases, then make one monthly payment that amortizes over time.
- Over the life of the loan, you build equity in both the land and the home, and the property is treated as real estate.
Benefits to Homebuyers
There are several benefits to using one of our land + home loans, including:
- Simplicity: One application, one closing, and one monthly payment.
- Ownership of land: When you own the land and the home is permanently affixed, your property is treated like traditional real estate, offering more flexibility and long-term value.
- Potential cost advantages: Because the entire deal is packaged, site work and home delivery may be included, reducing the need for multiple loans with separate fees or unfamiliar terms.
- Better financing structure: Treating the land and home as one property could open the door to better loan terms compared to a home-only personal property loan.
Make sure the land is properly zoned and suitable for the home you plan to place. The home might need to be permanently affixed to a foundation and meet local requirements to be treated as real property. Site preparation—like foundation, utilities, and set-up—can add significant costs, so factor those into your overall budget. Some lenders include site preparation in the loan, while others may require separate financing.
A land-home package loan offers an excellent pathway for manufactured home buyers who want the security of owning both the home and the land. It brings everything together into one streamlined process, helping you move in faster and build equity sooner. If you’re ready to own both your land and your home under one roof, this kind of financing could be the ideal fit for your situation.