It really depends on your definition of "leased land".... if your talking about a MFH where you lease a space, then typically this will not work.. if your talking about a residential parcel that is leased and there is a MFH architecturally attached and meets HUD's "Real Property Standards", then so long as the lease is longer than the term of your mortgage, it is allowable.. Not every lender will allow for this but VA will so it might take some shopping to find that one lender.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
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