Wanted to use Naca to buy a lot and prefab home, is that possible?

Home Forums Purchase Program Wanted to use Naca to buy a lot and prefab home, is that possible?

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  • #64482
    TheLongJourneyHome
    Participant

    I’ve actually searched this, and from my understanding, if its all paid off in 1 loan, than its possible, but if its a 2 parter
    1- lot
    2- prefab home
    Its not possible. But I cant get an exact answer. So does anyone know if its possible to buy a lot and then get a home? or can I only get the home if I owned the lot?

    #64483

    You cannot buy a lot and then the home. The home must be fully constructed and move-in ready when the loan closes, or a rehab.

    #64484
    TheLongJourneyHome
    Participant

    Thanks!

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