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VA land home purchase

With a VA loan can you buy land from private party then have a new manufactured or a new modular home placed on the land? Hillsborough County Florida 
  • November 25 2013 - Tampa
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Answers (3)

We can do what is called a one time close through the FHA. This will facilitate the transaction you are hoping for. You pre-close for the purchase of the land and home and then additional costs for transportation, affixture of the home and other installment costs are rolled into the final loan amount which becomes the 30 year amortizing FHA loan after home is installed and all fee are paid. Feel free to reach out to me through my zillor profile with any additional questions. 
  • November 12 2014
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In my experience (not in your area), these loans can be done and the best place to start looking is the manufactured home dealer.   Good luck.
  • November 25 2013
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Profile picture for mymortgagebrokerjoe
I do have a lender in Hillsborough county that will do a VA manufactured home loan up to 100% of appraised value, but the home must already be set up and permanently affixed to the ground. cant use the VA loan to acquire the land separately or to set up the home.  - joe
  • November 25 2013
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