source:
  type: guide
  id: hud-4000-1-ii-d-manufactured-housing-condominium-projects
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — d. Manufactured
    Housing Condominium Projects (09/14/2015)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — d. Manufactured
    Housing Condominium Projects (09/14/2015).
  coverage_tier: operative
obligations:
- id: hud-4000-1-ii-d-manufactured-housing-condominium-projects-full
  canonical_id: hud-4000-1-ii-d-manufactured-housing-condominium-projects-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part II — d. Manufactured
    Housing Condominium Projects (09/14/2015)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — d. Manufactured
      Housing Condominium Projects (09/14/2015)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: 'd. Manufactured Housing Condominium Projects (09/14/2015) i.
      Standard Individual Manufactured Housing units in Condominium Projects are eligible
      for FHA insurance, on both HECM and forward Mortgages. ii. Required Analysis
      and Reporting The Appraiser must report the appraisal on Fannie Mae Form 1004C/Freddie
      Mac Form 70B, Manufactured Home Appraisal Report. In addition to the requirements
      for analysis and reporting of the Manufactured Home, the Appraiser must inspect
      the Condominium Project and provide the project information data as an addendum
      to the appraisal report. Required data includes all data elements as found in
      the Project Information Section of Fannie Mae Form 1073/Freddie Mac Form 465,
      Individual Condominium Unit Appraisal Report. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      D. Appraiser and Property Requirements for Title II Forward and Reverse Mortgages
      7. Valuation of Leasehold Interest Handbook 4000.1 861 Last Revised: 11/26/2025
      7. Valuation of Leasehold Interest a. Definitions (09/14/2015) Leasehold Interest
      refers to real estate where the residential improvements are located on land
      that is subject to long-term lease from the underlying fee owner, creating a
      divided estate in the Property. Ground Rent refers to the rent paid for the
      right to use and occupy the land. Improvements made by the ground lessee typically
      revert to the ground lessor at the end of the lease term. b. Standard (09/14/2015)
      Eligible Leasehold terms must meet the requirements included in Leasehold Interest.'
  judgment: false
