source:
  type: guide
  id: hud-4000-1-ii-k-sales-comparison-approach-for-manufactured-housing
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — k. Sales
    Comparison Approach for Manufactured Housing (11/02/2023)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — k. Sales
    Comparison Approach for Manufactured Housing (11/02/2023).
  coverage_tier: operative
obligations:
- id: hud-4000-1-ii-k-sales-comparison-approach-for-manufactured-housing-full
  canonical_id: hud-4000-1-ii-k-sales-comparison-approach-for-manufactured-housing-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part II — k. Sales Comparison
    Approach for Manufactured Housing (11/02/2023)
  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 — k. Sales
      Comparison Approach for Manufactured Housing (11/02/2023)
    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: k. Sales Comparison Approach for Manufactured Housing (11/02/2023)
      i. Required Analysis and Reporting The Appraiser must include a sufficient number
      of sales to produce a credible value. The Appraiser must include at least two
      Manufactured Homes in the Sales Comparison Approach (SCA) Grid. ii. Exception
      For a Manufactured Home certified based on the construction requirements of
      Fannie Mae’s MH Advantage® or Freddie Mac’s CHOICEHome® program, the Appraiser
      must include at least two comparable sales with similar certification, when
      available. If fewer than two comparable MH Advantage® or CHOICEHome® sales are
      available, the Appraiser must use the most appropriate site-built comparable
      sales available, and must provide detailed justification to support the Appraiser’s
      selection of comparable Properties and the adjustments made for dissimilarities
      to the subject Property. A Manufactured Home certified based on the construction
      requirements of Fannie Mae’s MH Advantage® or Freddie Mac’s CHOICEHome® programs
      must have Fannie Mae’s MH Advantage® Sticker or Freddie Mac’s CHOICEHome® Label
      affixed near the HUD data plate. The Appraiser must include photos of the Fannie
      Mae’s MH Advantage® Manufacturer Sticker or Freddie Mac’s CHOICEHome® Label
      in the appraisal report for the Manufactured Home to meet the documentation
      requirement.
  judgment: false
