Part 1 – FHA Manufactured Home Loan Guidelines: FHA Manufactured Home Minimum Property Requirements
What are FHA Manufactured Home Loan Guidelines? How do you qualify for an FHA Manufactured Home Loan in Florida, Texas, Tennessee, and Alabama?
In this educational series on FHA Manufactured Home Loan guidelines, we will walk you through the FHA manufactured home loan guidelines, discuss minimum property requirements, and also review a recommended approach to secure an FHA manufactured home loan.
In today’s short video, we will start by reviewing some basic FHA manufactured home loan guidelines along with FHA manufactured home minimum property requirements.
However, before we get started, don’t forget to take advantage and download our Manufactured Home Blueprint for Success with the link below. This free guide is designed to walk you through the process step-by-step and is a great tool for both homebuyers and Realtors alike.
Per HUD Handbook 4000.1, it provides the following definition for manufactured housing:
“Manufactured Housing refers to Structures that are transportable in one or more sections. They are designed to be used as a dwelling when connected to the required utilities, which include the plumbing, heating, air conditioning, and electrical systems contained therein. Manufactured Housing is designed and constructed to the federal Manufactured Home Construction and Safety Standards (MHCSS) as evidenced by an affixed HUD Certification Label. Manufactured Housing may also be referred to as mobile housing, sectionals, multisectionals, double-wide, triple-wide, or single-wide. A Manufactured Home refers to a single dwelling unit of Manufactured Housing.”
Additionally, FHA Manufactured Home Loan Guidelines require the following under HUD Handbook 4000.1:
- Be designed as a one-family dwelling;
- Have a floor area of not less than 400 square feet;
- Have the HUD Certification Label affixed or have obtained a letter of label verification issued on behalf of HUD, evidencing the house was constructed on or after June 15, 1976, in compliance with the Federal Manufactured Home Construction and Safety Standards;
- Be classified as real estate (but need not be treated as real estate for purposes of state taxation);
- Be built and remain on a permanent chassis;
- Be designed to be used as a dwelling with a permanent foundation built in accordance with the Permanent Foundations Guide for Manufactured Housing (PFGMH); and
- Have been directly transported from the manufacturer or the dealership to the site.
- Please note that while FHA does not permit financing for manufactured homes that have been moved from their original site, VA loans will allow a manufactured home that has been previously moved.
I realize today’s post contained a lot of information, so if you have any questions about Conventional, USDA, VA, or FHA manufactured home loan guidelines, please let our dedicated team of loan experts be a resource for you!
Whether you have a transaction in trouble or are trying to maximize your qualifying ability, just call, text, or email to discuss your scenario so we can show you the “Metroplex” difference!
Call/Text: 863-593-2001
Toll Free: 800-806-9836 x280
Thank you again for forwarding and sharing today’s video with any friends, family, co-workers, or clients who are looking to buy, sell, or refinance!
As always, I want everyone to make it a great day, and look forward to seeing you right here for the next tip of the week!
P.S. We are excited to provide a direct access replay from our recent “Manufactured Home Lending” online workshop. During the webinar, we reviewed manufactured home property eligibility, differences between programs, compared manufactured vs. modular homes, no-down payment manufactured home loans, and a comprehensive analysis of manufactured home lending programs.
