Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility
Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility.
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Verbatim provisions from Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility — 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 B5-2-02 — Manufactured Housing Loan Eligibility
B5-2-02, Manufactured Housing Loan Eligibility (12/10/2025) Introduction This topic contains information on manufactured housing loan eligibility, including: General Loan Eligibility Criteria Published May 6, 2026 703 Ineligible Manufactured Housing Criteria Manufactured Housing Standards Uniform Appraisal Dataset (UAD) 3.6 Policy General Loan Eligibility Criteria Fannie Mae purchases loans secured by manufactured homes that meet the following general criteria: first-lien mortgages only, fully amortizing fixed-rate loans, fully amortizing ARM loans with initial fixed-rate periods of 7 years or 10 years, principal residences (single- and multi-width), and second home dwellings (multi-width only). Refer to the Eligibility Matrix for additional restrictions and maximum allowable LTV, CLTV, and HCLTV ratios. A manufactured home may be located on an individual lot or in a condo or PUD project development, see Project Review Methods in B4-2.1-01, General Information on Project Standards for additional information. A manufactured home located on leased land and subject to a ground lease is only eligible if the manufactured home is owned (not leased) by the borrower and in a condo or PUD project approved by Fannie Mae's Project Eligibility Review Service (PERS), see B4-2.2-06, Project Eligibility Review Service (PERS). See B5-5.3-03, Shared Equity Transactions: Eligibility, Underwriting and Collateral Requirements when a manufactured home is subject to a community land trust. Ineligible Manufactured Housing Criteria The following are ineligible for loans secured by manufactured housing: investment properties, manufactured homes located on leased land and subject to a ground lease, unless located in a Fannie Mae-approved condo or PUD project, and manufactured homes in co-op projects. Manufactured Housing Standards The loan must be secured by both the manufactured home and the borrower's interest in the land on which it is situated, and both the manufactured home and the land must be legally classified as real property under applicable state law. See B2-3-02, Special Property Eligibility and Underwriting Considerations: Factory-Built Housing, and the Manufactured Housing Product Matrix for additional information. Uniform Appraisal Dataset (UAD) 3.6 Policy Published May 6, 2026 704 Lenders using UAD 3.6 must follow the requirements in the UAD 3.6 Policy Supplement . Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SEL-2025-10 December 10, 2025 Announcement SEL-2024-07 November 06, 2024 Announcement SEL-2023-05 June 07, 2023 Announcement SEL-2022-10 December 14, 2022