Land-Home Financing

You bring the land. We bring the home. And 21st Mortgage wraps both into one loan — so the dirt you already own works as your down payment.

Amarillo Mobile Homes offers seller (owner) financing on many homes, and we also help buyers apply with 21st Mortgage.

What is land-home financing?

A land-home loan (also called land-in-lieu) finances the manufactured home and the land it sits on as a single transaction. Your land's equity counts toward the down payment — often eliminating the need for cash down.

Typical structure

  • Down payment: $0-5% when land equity covers the gap. Cash down accepted but rarely required.
  • Term: 15, 20, or 30 years.
  • Rate: Quoted by 21st Mortgage based on credit, term, and home cost (we share the live program matrix during prequal).
  • Closing: Title work done locally; we coordinate with your title company or recommend one.

What you need before you apply

  1. Land you own outright (or have significant equity in) — anywhere in the Texas Panhandle, eastern NM, or OK Panhandle.
  2. Recent appraisal or PRAD pull — we can pull verified parcel data from the Potter-Randall Appraisal District for free.
  3. Two years of income — W-2, 1099, or self-employed P&Ls all work. 21st has self-employed programs.
  4. Credit pull — soft pull first to scope your program; hard pull only on formal application.

Why we route through 21st Mortgage

21st is the largest manufactured-home lender in the country, owned by Berkshire Hathaway. They underwrite to the home and the land in one file — most banks don't. They also approve credit profiles big lenders won't touch, including:

  • Self-employed with 2 years of returns
  • Recent bankruptcy (Chapter 7 — 24 months out, Chapter 13 — 12 months out)
  • Manual underwrite for credit scores 580+

Start your prequal

Prequalify in 4 minutes — answer 5 questions and we'll email you a one-page financing cheat sheet matched to your situation. No credit pull, no spam.

Loans originated by 21st Mortgage Corporation. AMH is a TDHCA-licensed retailer (MHDRET00038561) acting as a participating dealer; AMH does not originate or service the loan.