Also known as land/home loans, Conventional Mortgages offer homebuyers many advantages in exchange for the purchase of a manufactured home and land together. This type of loan offers you a convenient front-end, one-time close, and you may finance site improvements into your loan. With the option to pay no monthly Private Mortgage Insurance (PMI), and the opportunity to buy down your interest rate, Conventional Mortgages often boast lower monthly payments. You may also qualify for longer loan terms, and if you’re refinancing, closing costs and points can be financed into your loan. This enables you and your family to save even more of your hard-earned money.