Selling Guide

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B5-2-04, Manufactured Housing Pricing, Mortgage Insurance, and Special Feature Code Requirements (06/05/2018)

Introduction

This topic contains information about manufactured housing, including:


Loan-Level Price Adjustments

An LLPA applies to all mortgages secured by manufactured homes that do not meet the MH Advantage requirements, whether delivered to Fannie Mae for whole loan purchase or MBS issuance. These LLPAs are in addition to any other price adjustments that are otherwise applicable to the particular transaction. For the current LLPAs, see the Loan-Level Price Adjustment (LLPA) Matrix.


Mortgage Insurance

For mortgage insurance coverage requirements, see B7-1-02, Mortgage Insurance Coverage Requirements.


Special Feature Code Requirements

All loans secured by manufactured homes must be delivered with SFC 235. Additionally, MH Advantage loans must be delivered with SFC 859. These codes are in addition to any other special feature codes that may apply.

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