![]() Government insured or guaranteed manufactured housing loans are not subject to conventional guidelines for manufactured housing and therefore are subject to the provisions set forth in Chapter B6–1, Government Insured and Guaranteed Mortgages. Other factory-built housing -such as modular, prefabricated, panelized, or sectional housing-is not considered manufactured housing and mortgage loans secured by such housing are eligible under the guidelines stated in Subpart B2, Eligibility. Manufactured Homes are built entirely in a factory under the federal building code administered by the Department of Housing and Urban Development (HUD). ![]() The manufactured home and the land on which it is situated must be legally classified as real property. The manufactured home has its’ own form called the Manufactured Home Appraisal Report (Form 1004C). Download the Loan Information Checklist, then choose a way to request your Manufactured. In addition, the appraiser must use comparable sales which would appeal to the same buyer and may include modular homes, manufactured homes, but also conventionally built homes. Mobile Home Stamped Manufactured Home Affidavit or the Retirement of Title Certificate You receive this document from your homes county register of deeds or. Foundation and Crawlspace: The foundation should be stable and. for a double-wide manufactured home and be built in compliance with local codes and zoning requirements. ![]() Use the Manufactured Home Appraisal Report (Form 1004C) Use Fannie Mae guidelines, including B4-1.4-01: Factory-Built Housing: Manufactured Housing. home or the appraised value of the home, whichever amount is less. Heres an overview of the FHA appraisal guidelines for 2024 that highlights the most important checkpoints home buyers and sellers should know about: Structural Safety: The property must be structurally sound and free of major defects that could compromise the integrity of the home. This includes properties meeting the MH Advantage requirements described in B2-3-02, Special Property Eligibility and Underwriting Considerations: Factory-Built Housing. 16 Manufacturer Roles and Responsibilities Ensures the design and construction meet MH. Any dwelling unit built on a permanent chassis that is attached to a permanent foundation system and evidenced by a HUD Data Plate or HUD Certification Label(s) (for each section of the home) is a manufactured home for purposes of Fannie Mae’s guidelines.
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