B2-3-02, Unique Possessions Eligibility and Underwriting Factors: Factory-Oriented Homes ()

Are available Domestic Assets Eligibility Requirements

Fannie mae describes a great are built household once the one house device constructed on a long-term framework that is connected with a permanent foundation program and you will confirmed of the a great HUD Investigation Dish and you may HUD Qualification Title(s). For more information, come across B5-2-02, Are created Housing Financing EligibilityB5-2-02, Are produced Homes Mortgage Qualifications . (Brand new terms are created home and you will are created housing are utilized interchangeably within this Book).

New desk below provides more are created homes assets qualification criteria. Having are produced homes appraisal criteria, look for B4-1.4-01, Factory-Created Housing: Manufactured HousingB4-step 1.4-01, Factory-Based Construction: Are designed Housing .

the brand new Government Are made Home Design and you can Cover Criteria which were established concluded as well as in push during the time our home is made; and you will

Compliance with your conditions was confirmed by the presence off possibly a good HUD Investigation Dish or the HUD Degree Label(s) for every single part of the domestic to own present design. In case the brand new otherwise alternative documentation cannot be gotten to own either of those, the loan isnt qualified to receive sales to help you Fannie mae. (Both are necessary for the latest design). Read the rest of this entry »