Land Home Financial Services is a trusted mortgage lender, serving homebuyers since 1988 and helping people achieve their homeownership goals. As a direct lender and servicer, Land Home Financial provides personalized loan solutions and guides you through every step of the mortgage process, from application to closing.

Choosing Land Home Financial Services means working with a dedicated team of loan experts focused on making your experience simple and stress-free. Our streamlined process, competitive rates, and extensive loan options ensure you get the best loan for your needs. Plus, we retain over 90% of our loans, meaning you’ll continue to work with a company you trust.

Land Home Financial Services operates nationwide, making our loans accessible to clients across the United States and in the District of Columbia. Wherever you are, we’re here to help you secure the right financing for your home.

Land Home Financial Services offers highly competitive rates tailored to meet the needs of each client. By understanding your financial profile, our loan experts work to find the best possible rate and terms to fit your budget, helping you save money over the life of your loan.

Our customer service team is here to support you. To reach us, call our customer service line at (800) 672-9470. We’re available Monday to Friday from 7am - 8pm PST and on Saturday from 8am - 6pm PST to answer your questions and provide assistance.

Land Home Financial Services provides a wide range of loan options, including FHA, VA, USDA, conventional loans, jumbo loans, and specialized programs such as LINK, House2Home, CAFA, SETH, Home in 5, Hoosier Home, and Power Purchase. Our team will help match you with the loan program that best suits your unique situation and goals.

To apply for a loan, you’ll need to provide documentation of your financial history, including income verification, credit information, and asset details. Our loan experts will walk you through each requirement, ensuring you understand every step of the application process.

Getting pre-approved with Land Home Financial is easy. Simply reach out to one of our loan experts, who will assess your financial information and help you secure a pre-approval letter. This letter shows sellers that you’re a serious buyer and gives you a competitive edge in the home-buying process.

The first step is getting pre-approved for a mortgage. This will give you a clear idea of how much you can afford and demonstrate to sellers that you are a serious buyer. Pre-approval involves submitting financial information to a lender who will assess your credit, income, and debt-to-income ratio.

The down payment required can range from 0% to 20%, depending on the type of loan and your financial situation. For example, VA and USDA loans may offer zero down payment options, while conventional loans typically require up to 20%. We offer conventional loans with 97% LTV, which means you only pay 3% down. There are also down payment assistance programs available that can help reduce your upfront costs. It’s important to consult with a loan expert to find the best option for your needs.

Closing costs are fees paid at the end of the home buying process, covering services like title insurance, appraisal, and attorney fees. They typically range from 2% to 5% of the home’s purchase price. Some loan programs may allow the seller to cover a portion of these costs.

Most lenders prefer a credit score of 620 or higher for conventional loans, while FHA loans are more flexible, allowing scores as low as 580. VA and USDA loans also have lenient credit score requirements. A higher score may help you qualify for better interest rates.

Pre-qualification is an estimate of how much you can afford based on your financial situation, while pre-approval involves a more thorough review of your credit and finances, giving you a conditional commitment from a lender. Pre-approval is stronger and more appealing to sellers when making an offer.

Yes, you can obtain a traditional mortgage for a manufactured home if it is permanently affixed to a foundation and classified as real property. This type of mortgage allows you to finance both the home and the land in a single transaction, often with more favorable terms than a chattel loan.

Yes, many MH loans allow you to finance both the manufactured home and the land it sits on as a single transaction. This is typically the case when the home is permanently affixed to the land, and the property is considered real estate.

Eligibility requirements for MH loans vary by lender but generally include a minimum credit score, stable income, and a down payment. Additionally, the manufactured home must meet certain standards, such as being HUD-certified if it was built after 1976. The land where the home is placed must also meet specific requirements if it is included in the loan.

A chattel loan is a type of financing used to purchase movable personal property, such as a manufactured home that is not permanently affixed to land. This type of loan is secured by the property itself, allowing flexibility for those who do not own the land where the home will be placed.

Unlike a traditional mortgage, which is secured by both the home and the land it sits on, a chattel loan is secured only by the movable property, such as the manufactured home itself. Chattel loans often come with shorter terms (typically 10-20 years) and higher interest rates compared to traditional mortgages. This makes them suitable for homes in mobile home parks or on leased land.

Yes, you can still refinance even if your home's value has decreased. Programs like FHA Streamline Refinance and VA IRRRL may offer options without requiring a new appraisal.

Consider locking in today’s rates with a float-down option or opting for a refinance with flexible terms. Our team can guide you on how to prepare for future rate changes.

Refinancing involves costs such as closing fees and appraisal charges. We’ll help you calculate your break-even point and determine if refinancing will save you money in the long term.

Absolutely! Cash-out refinancing allows you to tap into your home’s equity for renovations, debt consolidation, or other financial goals. Let us show you how to leverage your home’s value.

If you are a Land Home Financial Services client with an current mortgage you may be eligible for the Customer Loyalty Program. To find out if you have been enrolled at no cost, Call (800)-672-9470

Adjustable-rate mortgage programs charge a fixed-interest rate for the first three, five, seven, or ten years. After that time, the loan turns into a variable interest rate loan (with a rate cap) for the remaining years on the life of the loan, based on the then-current interest rates.

When it comes to Adjustable-Rate Mortgages (ARMs), there is a basic rule to remember: The longer you ask the lender to charge a specific rate, the more expensive the loan.

If you plan to own the house for three years or less, the perfect loan is one that is fixed for three years before starting to adjust. This way you’ll benefit from the lower rate offered by an ARM without being subjected to the uncertainty of payments that could be higher. Similarly, if you think you’ll be in the house for five or fewer years, the perfect loan is our loan that is fixed for five years before starting to adjust. The same logic applies to our loan that is fixed for seven years before adjusting.

Until recently, there was a solid rule of thumb: Don’t refinance your loan unless you can save two points on the rate. At the time, you had to save a great deal to make up for the points it cost to get a loan. The good news is that Land Home Financial offers loans with no points. As you may know, you will get a slightly higher interest rate if you want a no-points loan. Of course, you always have the option of paying points to get a lower rate. We offer you a few choices:

• No points
• Paying points to get an even lower rate

If you get a loan with no points, it may actually make sense to refinance to lower your payment by as little as one-quarter of one percent. The goal is to make certain that your new loan saves you money.

Renovation loans typically cover a wide range of improvements, from essential repairs to significant remodels. This can include kitchen and bathroom updates, adding energy-efficient windows, replacing roofs, or even adding a new room. Each loan program may have specific guidelines, so it's best to consult our Renovation Loan Experts to understand what your project can include.

Unlike a standard mortgage, renovation loans are designed to finance the purchase price of the property and the cost of repairs or upgrades in one loan. This allows you to access the funds you need to make improvements immediately after closing, with the flexibility to repay under standard mortgage terms.

Yes! Renovation loans can be an excellent way to boost your property's value by updating older features, adding modern amenities, or enhancing energy efficiency. These improvements not only elevate your living experience but may also contribute to a higher appraisal value, potentially increasing your home's resale value.

Many property types qualify for renovation loans, including single-family homes, multi-family units, and condos. Property eligibility can vary based on the loan program, so working with our Renovation Loan Experts helps you determine if your home qualifies.

A reverse mortgage is a unique home loan allowing homeowners to convert part of their home equity into cash, without needing to make monthly mortgage payments. Instead, the loan balance is repaid when the homeowner sells the home or no longer resides there. Reverse mortgages offer a way to access home equity while living comfortably in your home.

Typically, reverse mortgages are available to homeowners who are 62 or older (55 or older in some states), own their home outright or have a low existing mortgage balance, and use the home as their primary residence. An assessment will help determine eligibility and how much equity you can access.

The funds from a reverse mortgage are flexible and can be used in many ways, including supplementing retirement income, paying for healthcare costs, home improvements, or consolidating debt. Homeowners have control over how they utilize these funds to best fit their financial goals.

If you choose to sell your home, the reverse mortgage will be repaid from the sale proceeds. Any remaining equity belongs to you or your heirs. This provides flexibility should your circumstances change or if you decide to downsize.

Reverse mortgages are designed so that the amount owed will not exceed the home's appraised value when it's time to sell or settle the loan. This protects your heirs from owing more than the property is worth, providing financial security for your family.

You will retain the title and ownership during the life of the loan, and you can sell your home at any time. The loan will not become due as long you occupy the home as your primary residence and make timely payments on property taxes, Homeowners Association fees, ground rents, homeowner's hazard insurance policy, and maintain the property in a condition equal to when the loan was closed.

Conforming Loans are loans that meet Fannie Mae (FNMA) and or Freddie Mac (FHLMC) underwriting requirements. In other words, income, credit, and property requirements must meet nationally standardized guidelines. There are additional guidelines, pricing and restrictions regarding conforming loans for manufactured housing.

Conforming loans are subject to loan amount limits that are set annually by the Federal Housing Finance Agency (FHFA). These limits vary based on the region in which the subject property is located as well as the number of legal units contained in the subject property.

When FNMA and FHLMC limits don’t cover the full loan amount, the loan is referred to as a jumbo mortgage. The average interest rates on jumbo mortgages are typically higher than for conforming mortgages.

A high-balance mortgage loan is between a “conforming” and a “jumbo” loan. The loan amounts for a high-balance loan depend on the county you live in. Rates on a high-balance loan are typically higher than conforming but less than jumbo. Jumbo investors may have additional overlays and qualification requirements above FNMA/FHLMC.

Private Mortgage Insurance (PMI) is insurance required by most lenders, which is purchased by the borrower to protect the lender in case the borrower defaults on the loan. PMI is required on purchase loans with down payments that are less than 20% of the home's sale amount. For example, if you make a down payment of 20% of the cost of your home, the lender has good reason to trust that you will make your mortgage payments faithfully to protect your large investment. But, if you make a smaller down payment, such as 5% or 10%, and borrow the rest, and you default on your loan, the lender risks losing money. So, lenders require you to purchase PMI, which will guarantee them payment on the balance of loans not covered by the sale of foreclosed properties.