All appraisals of manufactured homes classified as personal property, lenders
must engage independent fee appraisers who have successfully completed a
specialized course in manufactured home valuation based on the N.A.D.A.
appraisal system. These independent fee appraisers must be knowledgeable in the
business of manufactured home retail sales. Appraisal services may be obtained
from an appraisal company if their appraisers meet these qualifications.
We at the Bulldog
Appraisal Company have these unique qualifications, experiences and
Appraise Manufactured Homes in Los Angeles and Ventura Counties Only!
What is That And Now What Do I Do?
Built/Assembled, Mobile, Modular, and Manufactured Homes
by Jo Ann Meyer
Stratton, IFA, SRA
Manufactured homes, modular homes, factory built homes, or factory
assembled homes have as many variations in style, materials,
workmanship, exterior and interior finish, etc as "site built" homes.
Homes that have been completely or partially constructed in a factory may
be one to two stories high, long narrow boxes, several combined units,
distinctive design, arrangement of sections, installed over a full
basement, and many other factors. Some have steel undercarriages and some
do not; that is not an indication of a type of home. They are not your
grandfather's "trailer" or father's "mobile home" anymore! To add to the
confusion, government agencies interchange the various terms and at times,
it is impossible to recognize what type of home you are observing until
you find the documentation for the building code. So it becomes extremely
important to know the original building code of the home and what effect
that has on many different factors.
Manufactured homes are constructed to the nation wide HUD building code.
If the home is constructed completely or partially in a factory to a
building code that is NOT the building code first established by HUD June
15, 1976, it is NOT a manufactured home! Homes constructed to one of the
building codes typically used for site built homes (for example CABO or
BOCA or UBC) or a local version of a building code are known as modular
homes, panelized homes, pre-cut homes, kit homes, and the newest
Mobile homes were constructed prior to June 15, 1976 and may or may not
have been constructed to a voluntary industry standard. Due to the lack of
uniformity of building codes prior to that date, mobile homes can not be
financed with an FHA mortgage. Fannie Mae will finance a mobile home if it
has been reconstructed to at least the June 15, 1976 HUD building code.
The Fannie Mae requirement is worded as follows: "The unit must have been
built under the Federal Manufactured Home Construction and Safety
Standards that were established June 15, 1976". Compliance with the HUD
code would require verification by a licensed building contractor, state
or local building inspector. The HUD building code has had several
revisions since the original 1976 date.
Mae will not finance a single wide manufactured home unless it is located
in a Fannie Mae approved project. Multi-sectional homes can be located on
acreages or subdivision lots, whatever sites are typical of the
neighborhood. HUD only has requirements regarding a minimum livable area
of 400 square feet and does not require the home to be multi-sectional.
HUD will only finance a manufactured home if it has been moved only once
from the factory or a dealer's lot. Fannie Mae will finance a manufactured
home if it has been installed in several locations.
This an annotated
version of an article posted at
updated articles please refer to
Following are web sites to obtain information on manufactured, modular,
and other types of homes with some type of factory construction:
Manufactured Housing Institute has many good articles under "Understanding
Today's Manufactured Housing": "Factory Built Housing", "The HUD Code",
"The Inspection System", "Financing Manufactured Housing", etc. Check out
their "Fast Facts". Their article on Factory Built Housing has definitions
of the various types. http://www.manufacturedhousing.org
Handbooks, guidebooks, mortgagee letters can be obtained from the library
Chapter 8 of HUD handbook 4150.2 applies to manufactured housing.
National HOC Reference Guide, Chapter 1, Appraisal and Property
Requirements, pages 1-09a through 1-09g apply to manufactured housing.
Information on Data Plates is located in 3280.5, Certification Labels is
in 3280.11, Modular homes is in 3282.1.
Permanent Foundations Guide HUD-007847, formerly HUD-7584
A photo copy can be obtained at a cost of $25 from HUD. The copy on the
Internet lacks illustration of the over forty types of acceptable HUD
Lenders handbook for VA; search for word or phase of manufactured:
Manufactured Homes: Chapter 7.11, Chapter 10.05, Chapter 11.12, Chapter
12.10, Chapter 13.06, Chapter 14.04
"What is a Legitimate Manufactured House Comparable for the URAR" The
second article under FAQs.
Announcement 03-06 may be accessed at:
Information regarding Missing HUD Labels (Tags)
A chat room regarding manufactured housing and other types of factory
built homes is at:
Please notify the author at
firstname.lastname@example.org if you locate any additional resources available
on the Internet.
Phone: (818) 709-4106