It best to own or have your land under contract when you begin to shop for your manufactured home. The equity in your land can then be used for all or a portion of your down payment of your total land/home package.

Manufactured homes combined with a package with land are considered real property and are financed with the same kind of long-term mortgage as site-built homes. A Land/Home package consists of financing the land, the Manufactured Home, and construction costs into one loan. Depending on the lender, they can be virtually identical to conventional home loans with 30 year mortgages and competitive interest rates. These loans are available only for permanently located manufactured homes.

A manufactured home permanently affixed to real property will appreciate in value. Appraisers can use site built comparable sales (comps) to establish the value of land home packages.

You will need to keep in mind the site preparation that is needed such as bringing all utilities to the home and may include some or all of the following; foundation, garages, drive ways, walk ways, septic systems, water meters, water wells, porches, decks and more.

I would recommend that you concentrate on getting the land first, although some manufactured home dealers have land they already own that is zoned correctly and often with the utilities already in.