The December 2018 Selling Guide announcement provides more flexibility for on-frame modular and modular construction.
Affordable starter homes have become scarcer, smaller, older, and more likely in need of major renovations. They have also seen a significant increase in prices. Fannie Mae believes today's modern, high-quality manufactured homes can help ease the nation's affordable housing shortage, address borrowers' evolving needs, and provide a growing business opportunity for lenders and the industry.
MH Advantage is an innovative new mortgage option that offers affordable conventional financing for manufactured housing (MH) with features similar to site-built homes, including:
MH Advantage-eligible homes can become a seamless part of any single-family neighborhood.
With MH Advantage, you can help prospective homebuyers get the design features they want at a price they can afford. Loans secured by MH Advantage properties feature a number of flexibilities compared with standard MH:
The underwriting and origination processes are streamlined and straightforward, allowing you to manage your MH portfolio with greater ease and flexibility.
Expand to see a list of manufacturers participating in MH Advantage.
Palm Harbor Homes
Cavalier Home Builders, LLC
CMH Hodgeville, Inc.
CMH Manufacturing West, Inc.
Southern Energy Homes, Inc.
American Homes of Brewerton
American Homes of Dryden
American Homes of Weedsport
Hudson Valley Homes
TCC Clarion Limited Partnership
American Homestar of Lancaster, LLC
Platinum Homes, LLC
Champion Home Builders, Inc.
Champion Modular, Inc.
Skyline Homes, Inc.
*Parent companies in bold italics.
Standard MH — which includes traditional single- and double-wide homes that are not eligible for MH Advantage — offers an even more affordable alternative to site-built homes for millions of American households, especially in high-cost and rural areas. Fannie Mae purchases mortgages secured by manufactured housing titled as real estate via our approved lender partners using our standard MH underwriting guidelines.