If you intend to buy a manufactured home and a piece of land, one aspect you should be aware of is that there are a few types of loans specifically designed for manufactured home purchases. However, one of the most advantageous financing options is to buy a manufactured home and a lot together, so you can bundle everything under a single Land/Home loan. Because this package loan typically involves a lower interest rate than the one you would otherwise need to pay for two separate loans, buying a manufactured home and a lot together can be more affordable than purchasing a manufactured home and a piece of land separately. Since you'll also pay closing costs only once, a Land/Home loan can lower your upfront costs significantly.
Taken from ~ Benefits of Having Your Own Land