Selling Guide

Published April 1, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

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What project review methods are required for projects containing manufactured homes?

Project Types

A manufactured home project is a project consisting partially or solely of manufactured homes. 

Lender Eligibility

Lenders must obtain Fannie Mae’s project acceptance for the following projects if they are composed of manufactured homes: 

  • Any condo project — Both the land and the dwelling must be subject to the condo association. 
  • Any co-op project — Both the land and the dwelling must be owned by the co-op corporation. 
  • Any PUD project composed of single-width manufactured homes. 

Project Review Methods

The characteristics that dictate which method to use are shown in the following table.

Unit and Project Type Project Review Methods
Multi-width manufactured home in an established condo project Full Review
  • New condo projects consisting of manufactured homes
  • Co-op projects consisting of manufactured homes
  • PUD and condo projects consisting of single-wide manufactured homes
Fannie Mae Review through the standard PERS process
Established condo or PUD projects consisting of manufactured homes that are subject to a community land trust, deed restriction, leasehold estate, or shared equity arrangement Fannie Mae Review through the streamlined PERS process

 

For more information, see B5-2-01, Manufactured Housing and B4-2.1-01, General Information on Project Standards

 

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B4-2.1-01, General Information on Project Standards (08/07/2019)

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B4-2.1-02, Waiver of Project Review (08/07/2019)

IntroductionThis topic contains information on the waiver of project reviews, including: Transactions Eligible for a Waiver of Project Review ...

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B4-2.1-03, Ineligible Projects (06/05/2018)

IntroductionThis topic contains information on ineligible projects and related criteria, including: List of Ineligible Project Characteristics ...

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