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

Owned by Marsha Freeman
Last updated: Nov 17, 2018 by Kacey Olson (Unlicensed)
1 min read

© RHS HB-1-3555 SFH Guaranteed Loan Program Technical Handbook


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.