TOLL FREE HOTLINE: 888-853-4570
 
 
Home Qualifying Your Manufactured Home

MAKING SURE YOUR HOME WILL QUALIFY!

  • Your home MUST have a floor area of not less than 400 square feet. Park Models need not apply! However WE DO SINGLEWIDES!
  • Your home MUST be classified and subject to taxation as real estate. If your home is currently considered personal property or chattel, we can help you change the classification.
  • Your home MUST be built on and remains on a permanent chassis. If you are thinking, what in the heck does this mean??? Whether it looks like it or not, the home originally came in on wheels and then was set up. Hopefully the tires and axles have been removed. If not, they will have to go!
  • Your home MUST be located above the 100 year return frequency flood elevation. If you are living in a flood plain, the loan is probably a no go!
  • Your home MUST be built after June 15, 1976. No exceptions, no matter how many improvements and remodeling you have done. If you don’t have the paperwork to prove it or don't know, try to find the 2"x4” aluminum plates at the left rear of each section of your home that start with three letters, followed by 6-7 numbers, this is a good sign! EG. CAL123456 or ARZ789101
  • The foundation system must meet the guidelines published in the Permanent Foundations Guide for Manufactured Housing, dated September 1996 aka The HUD Handbook. How do you know if it will pass? You don't know and don't try to figure it out. We'll take care of this as part of the loan process by obtaining a certification from a licensed engineer. If it is determined that your foundation doesn't meet the compliance requirement, there are ways to make foundation repairs and generally these repairs can be rolled into your loan.
  • Your home MUST be in its original site or location. So if it was ever moved (other than from the dealer or manufacturer), your home will not qualify.
  • Additions or structural modifications must not put the home at risk. If you have made structural improvements on the home, ideally you have the proof of permits. If not, we can make sure that a license engineer also certifies any of the alterations and modifications.