source:
  type: guide
  id: fnma-sel-b5-2-02
  authority: Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility
  description: Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility.
  coverage_tier: operative
obligations:
- id: fnma-sel-b5-2-02-full
  canonical_id: fnma-sel-b5-2-02-full
  section: Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B5-2-02 — Manufactured Housing Loan Eligibility
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: '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'
  judgment: false
