WebFannie Mae defines a “manufactured home” as a dwelling of at least 400 square feet and at least 12 feet wide, constructed to the “HUD Code” for manufactured housing, that is built … WebDec 16, 2024 · manufactured homes aligns with our affordable housing and Duty to Serve objectives. A single-width manufactured home must… be legally classified as real property and cannot include an accessory dwelling unit (ADU). be located on an individual lot or in a Fannie Mae-approved project.
Manufactured Housing Product Matrix Fannie Mae
WebToday’s modern manufactured homes can help ease the affordable housing shortage in your community. They can also provide a business growth opportunity. To originate a mortgage for manufactured housing eligible for sale to Fannie Mae, it must be titled as real property in a process that varies from state to state. WebUse Manufactured Home Appraisal Report (1004C) Use a Completion Report (1004D), if applicable Follow Fannie Mae’s guidelines for MH Advantage Comparable Selection Requirements and other standard guidelines for appraising manufactured homes, including make and model number, as well as (for purchase money mortgages): ... green building advisor subscription
What is required for a manufactured home refinance? - Fannie Mae
WebModular homes are homes built in modules at a factory, transported and permanently installed on a home site. Unlike MH, modular homes conform to the same state, local, and regional codes that apply to site-built dwellings. Off-frame modular homes are covered by the Fannie Mae Selling Guide as standard single-family detached homes and not as MH. WebFannie Mae (FNMA) Mobile Home Park Loans offer long term financing solution for land lease manufactured housing communities, where the Borrower owns the Manufactured Housing Community (MHC) sites and associated common amenities and infrastructure. Property Eligibility for Fannie Mae Mobile Home Park Loans: WebApr 5, 2024 · Fannie Mae prefers that a loan on the manufactured home and the land on which it is situated be secured by a single lien. However, it is recognized that some state laws do not provide for a single lien on both the manufactured home and the land. green building advocacy