13.9 ADDITIONAL LOAN PROCESSING PROCEDURES FOR EXISTING PROPERTIES INVOLVING A MANUFACTURED HOME (03/09/16)

The lender must document the following relative to an existing manufactured unit:

The unit is presently financed with a Section 502 direct or guaranteed loan, is being sold from Agency inventory, or is being sold from the Lender's inventory after being acquired through a loan guaranteed by the Agency.
The unit must be installed on its initial installation site on a permanent foundation complying with the manufacturer's guidelines and the guidelines published in the PFGMH. The PFGMH guide can be ordered by calling (800) 245-2691 or from the web at http://www.huduser.org/portal/publications/destech/permfound.html.

The Agency will not guarantee an existing manufactured home, which has had additions or structural modifications made to the original home.