To originate a mortgage for MH, it must be titled as real property in a process that varies from state to state. This document provides a broad overview of the two most common processes for titling MH as real property.
Manufactured homes are now eligible for Construction-to-Permanent financing. Find more details on the C-to-P Financing page or New Manufactured Home Financing Matrix.
MH Advantage makes it easier for buyers to find financing for eligible manufactured homes.
Combine features, like a down payment as low as 3%, with the lower price and customizable finishes of modern manufactured homes. MH Advantage homes are built to blend in to traditional neighborhoods.
Standard MH — which includes traditional single- and double-wide homes that are not eligible for MH Advantage — offers another alternative to site-built homes.
MH Advantage homes have features like lower profile foundations, garages or carports, and drywall throughout. See the Retailer Home Specs for details.
Appraisers choose the most appropriate comparable sales, which – unlike standard MH -- may include sales of site-built homes. Confirming the home is eligible for MH Advantage is also easy for lenders:
See the Lender Process Overview for details.
MH Advantage brings affordable financing to manufactured housing with:
Learn more about MH Advantage and help your industry partners understand what our innovative new offering can do for their businesses.
Lenders: Contact your relationship manager
Manufacturers and Retailers: Contact MH_Notices@fanniemae.com to learn more, including how to become a participating manufacturer.
Standard MH financing, for homes that don’t qualify for MH Advantage, provides a path to homeownership for millions of American households, especially in high-cost and rural areas. Fannie Mae purchases mortgages secured by manufactured housing titled as real estate using our standard MH underwriting guidelines.