Manufactured Home Property Eligibility Requirements
A manufactured home may be located on an individual lot or in a project development.
A project review is generally not required for a loan secured by a multi-width manufactured home located in a PUD project. Lender approval, or in some cases Fannie Mae PERS approval, is required for condo and co-op projects that consist of multi-width manufactured homes.
PERS approval is required for all condo, co-op, or PUD projects that consist of single-width manufactured homes. For further information about project review requirements, see Chapter B4-2, Project Standards.
For additional information, see B2-3-02, Special Property Eligibility and Underwriting Considerations: Factory-Built Housing.