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.
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
- Land you own outright (or have significant equity in) — anywhere in the Texas Panhandle, eastern NM, or OK Panhandle.
- Recent appraisal or PRAD pull — we can pull verified parcel data from the Potter-Randall Appraisal District for free.
- Two years of income — W-2, 1099, or self-employed P&Ls all work. 21st has self-employed programs.
- 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.