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 are the conditional requirements pertaining to the manufactured home certificate of title?

Certificate of Title

The table below provides conditional requirements pertaining to the manufactured home certificate of title.

If … Then …
state law permits the manufactured home to become real property when it is immediately affixed to the permanent foundation system, without issuance of a certificate of title, the lender must if the transaction involves the purchase of a new manufactured home obtain, and retain as part of the loan file, evidence that no certificate of title was issued.

For example, if the lender obtains the manufacturer’s certificate of origin, this would be evidence, in most states, that no certificate of title could have been issued.

a certificate of title has been issued, but state law provides for or permits surrender of the certificate of title, the lender must obtain, and retain as part of the loan file, evidence that the certificate has been surrendered.

Such evidence includes:

  • the confirmation required to be provided by the authority to which the certificate was surrendered, or
  • if no such confirmation is obtainable:
    • a copy of the documents submitted in connection with the surrender, and
    • evidence that such documents were delivered to the appropriate authority.

a certificate of title has been issued, but state law does not permit the manufactured home to become real property without issuance of a certificate of title and does not provide for surrender of the certificate of title,

the lender must adhere to the following requirements:

  • The lien must be indicated on the certificate of title.
  • The certificate of title must be retained in the loan file.
  • The lender must assure that no other lien is indicated on the certificate of title.
  • Ownership of the manufactured home as shown on the certificate of title and ownership of the land as shown on the mortgage, deed of trust, or security deed must be identical (that is, the same individuals must sign both, each using the exact same name on both documents).

Note: Given certain provisions of Mississippi law and the practice in the state, the requirements in the last row of the above table apply to manufactured homes in Mississippi. (The other two options in this table do not apply.)

For additional information, see B5-2-05, Manufactured Housing Legal Considerations.

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