Fannie Mae Selling Guide B5-2-01 — Manufactured Housing
Fannie Mae Selling Guide B5-2-01 — Manufactured Housing.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide B5-2-01 — Manufactured Housing — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Fannie Mae Selling Guide B5-2-01 — Manufactured Housing
B5-2-01, Manufactured Housing (11/06/2024) Introduction This topic contains information on manufactured housing, including: Manufactured Housing Overview Lender Eligibility Variances Lender Indemnification Manufactured Housing Overview Any dwelling unit built on a permanent chassis that is attached to a permanent foundation system and evidenced by a HUD Data Plate or HUD Certification Label(s) (for each section of the home) is a manufactured home for purposes of Fannie Mae’s guidelines. This includes properties meeting the MH Advantage requirements described in B2-3-02, Special Property Eligibility and Underwriting Considerations: Factory-Built Housing. The manufactured home and the land on which it is situated must be legally classified as real property. Other factory-built housing —such as modular, prefabricated, panelized, or sectional housing—is not considered manufactured housing and mortgage loans secured by such housing are eligible under the guidelines stated in Subpart B2, Eligibility. Published May 6, 2026 702 Government insured or guaranteed manufactured housing loans are not subject to conventional guidelines for manufactured housing and therefore are subject to the provisions set forth in Chapter B6–1, Government Insured and Guaranteed Mortgages. Lender Eligibility Lenders are not required to obtain specific approval to deliver loans secured by manufactured homes. However, in some cases, lenders must obtain Fannie Mae’s project acceptance for condo or PUD projects consisting of manufactured homes. See B4-2.2-06, Project Eligibility Review Service (PERS) for additional information. Variances Unless specifically stated in the terms of the contract, variances or other terms contained in any lender’s contract are not eligible for use with mortgages secured by manufactured homes. Lender Indemnification Lenders are subject to all indemnification obligations as described in A2-1-03, Indemnification for Losses. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SEL-2024-07 November 06, 2024 Announcement SEL-2023-09 October 04, 2023 Announcement SEL-2020-07 December 16, 2020