source:
  type: guide
  id: fnma-sel-b5-2-01
  authority: Fannie Mae Selling Guide B5-2-01 — Manufactured Housing
  description: Fannie Mae Selling Guide B5-2-01 — Manufactured Housing.
  coverage_tier: operative
obligations:
- id: fnma-sel-b5-2-01-full
  canonical_id: fnma-sel-b5-2-01-full
  section: Fannie Mae Selling Guide B5-2-01 — Manufactured Housing
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B5-2-01 — Manufactured Housing
    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: 'B5-2-01, Manufactured Housing (11/06/2024) Introduction This
      topic contains information on manufactured housing, including: Manufactured
      Housing Overview Lender Eligibility Variances Lender Indemniﬁcation Manufactured
      Housing Overview Any dwelling unit built on a permanent chassis that is attached
      to a permanent foundation system and evidenced by a HUD Data Plate or HUD Certiﬁcation
      Label(s) (for each section of the home) is a manufactured home for purposes
      of Fannie Mae’s guidelines. This includes properties meeting the MH Advantage
      requirements described in B2-3-02, Special Property Eligibility and Underwriting
      Considerations: Factory-Built Housing. The manufactured home and the land on
      which it is situated must be legally classiﬁed as real property. Other factory-built
      housing —such as modular, prefabricated, panelized, or sectional housing—is
      not considered manufactured housing and mortgage loans secured by such housing
      are eligible under the guidelines stated in Subpart B2, Eligibility. Published
      May 6, 2026 702 Government insured or guaranteed manufactured housing loans
      are not subject to conventional guidelines for manufactured housing and therefore
      are subject to the provisions set forth in Chapter B6–1, Government Insured
      and Guaranteed Mortgages. Lender Eligibility Lenders are not required to obtain
      speciﬁc approval to deliver loans secured by manufactured homes. However, in
      some cases, lenders must obtain Fannie Mae’s project acceptance for condo or
      PUD projects consisting of manufactured homes. See B4-2.2-06, Project Eligibility
      Review Service (PERS) for additional information. Variances Unless speciﬁcally
      stated in the terms of the contract, variances or other terms contained in any
      lender’s contract are not eligible for use with mortgages secured by manufactured
      homes. Lender Indemniﬁcation Lenders are subject to all indemniﬁcation obligations
      as described in A2-1-03, Indemniﬁcation for Losses. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SEL-2024-07 November
      06, 2024 Announcement SEL-2023-09 October 04, 2023 Announcement SEL-2020-07
      December 16, 2020'
  judgment: false
