Tips for Selling a Manufactured Home

We enjoy helping real estate concerns at Hayman Engineering!

Moving soon? Like any place of residence, selling a manufactured home takes planning. Here are some steps and tips for selling a manufactured home to ensure you get the best price.

Deep Cleaning

Before listing your home or signing up for showings, make sure it’s thoroughly cleaned. Remove or place in storage anything that might make your home harder to sell like clutter and old, dirty furniture. Clean homes will sell faster and for a higher price than those that appear worn down and dirty. Put yourself in a potential buyer’s shoes. What would you want to see? Everything from the kitchen and bathroom to the windows should be virtually spotless to sell your home for the highest price. The outside of your home is just as important as the inside. Clean up the yard and make repairs to any damage on the outside of your home. Present your manufactured home as the best version of itself.

Home Improvements

If you’re selling a manufactured home, make any necessary repairs or renovations in advance. If there are simple upgrades and fixes to be made, take care of them yourself. However, if there are more complicated or dangerous repairs to be made, enlist the services of a professional. Common manufactured home issues to be aware of include leveling problems, water damage and plumbing issues. These problems factor in to a potential buyer’s final decision or how much they’re willing to pay. Putting money into a home you’re no longer going to be living in is part of the selling process. Investing in improving your home will help you make more money off of it later.

Staging the Home

Staging a home is different than decorating. When staging a home, set it up in a way that creates an attractive environment that people would want to live in. Keep in mind that your home should be staged in a way that appeals to a wide variety of buyers. Some features that do well in home staging include:

  • Keeping the furniture and decorations to a minimum
  • Investing in good lighting-this makes the rooms appear larger and more open
  • Painting walls a neutral color-This helps potential buyers envision what they would want the room to look like themselves

Determining Value

Selling a home requires finding the right price. You want to avoid being on the market for a long time and you want to make a profit. Before you sell your home, get an estimate of how much it’s worth. Take a look at the market to find out how much other manufactured homes in your area are selling for. This will help you determine your asking price before it’s listed. Factors to consider are how much you still owe on the loan or the property if applicable. For a rough idea of your property value, speak to a real estate agent. For a more accurate quote, hire an appraiser. Many potential buyers take their own precautions and get homes inspected so it’s important you know anything that might decrease the value of your home.

Notify Management

If you live in a manufactured home community, let management know you’re selling your home. Manufactured home communities have rules in place for selling with some wanting to be involved in the process. For example, “For Sale” signs are usually only allowed to be placed inside of windows because yard signs are prohibited. Additionally. many manufactured home communities require buyers to submit a written application to be approved to keep a home in the park. Make sure to communicate that detail to any potential buyers.

Listing the Property

After you take care of the first steps that go into selling a manufactured home your home will be ready to be listed. Now there are additional steps to take:

  • Take pictures: The first impression is the most important. Take many high-quality pictures from different angles and perspectives that portray your home in an attractive desirable light.
  • Advertise your home online: The best way to attract attention to your home is to list it online where potential buyers can find it. There are sites that allow listings for free and others that require payment based on how many pictures you want to post with your listing. The more places you list it, the more people who will see it and the faster it will sell.
  • Prepare for inspections and showings: If you’ve walked through the steps and your home is ready to sell, you’ll be busy scheduling walk throughs and answering questions from potential buyers. Try to set aside specific days and times throughout the week to show your home. You can also host open houses where anyone can show up to look at the home.

Completing the Sale

Once you’ve received offers, you must decide who to sell to. Be firm but flexible and consider negotiating the price if necessary. Come to an agreement about an acceptable move-in date and make sure you have the information needed to turn ownership over to the buyers. Ending a sale with the best offer is better than dragging out the selling process.

If you’re having issues selling a manufactured home, consider hiring a real estate agent who specializes in selling manufactured homes. Selling a home takes a lot of time and work. If you’re busy with kids, a job and other responsibilities it might be easier to turn the work over to a professional who can get it done quickly and efficiently.

 

 

How To Finance a Manufactured Home

Financing a manufactured home can be just as simple as financing a traditional site-built home. The main difference is the steps it takes to get there. Here are some steps to walk you through the process.

Researching Potential Financing Sources

Do your research on different potential financing sources and find out if they have the resources that you require for financing a manufactured home in your area. Take time to do this because there are some financing sources that don’t allow for manufactured home financing in certain locations. Also, keep in mind that some manufactured home companies are connected to lending sources that are only able to finance homes that have been built by that specific manufacturer.

Make Sure You Receive the Loan You Need

After you find the financial source that you need, make sure that the amount that they are willing to loan you covers the expenses that you planned for. If it doesn’t automatically meet your qualifications, don’t stop there. Lenders are usually willing to work for your business and will work with you to make sure that you are happy and able to work with their company.

Take Action to Obtain the Best Loan

Take a look at your finances and evaluate if the lot that you own is acceptable to the lender. There are a few major factors to consider:

  1. The best loans are usually available to those who are able to provide a large down payment of at least 20%
    Your main goal is to show the lenders that you have enough disposable income beyond being able to afford basic monthly living expenses to demonstrate that you’ll be able to pay for the costs associated with owning a home. To make sure that you are in the best position possible to receive the maximum amount of funding, take steps to systematically save for your down payment.
  2. Make sure that the area you are looking to place or build your manufactured home is acceptable to the lender
    Most lenders follow a strict set of criteria for determining whether a location is a good investment for them to pursue. They may require documentation of certain features such as soil studies and the drainage history of an area. Try to stay away from areas close to highways or other busy areas. Plan for your home to be in a location with convenient access to water, sewer, and electrical services or present a plan stating how you plan to receive these services.
  3. Check on your credit history and credit score
    Make sure that all of your credit information is up to date so you don’t run into any unexpected problems or errors before applying for your loan. Under federal law, you are entitled to one free credit report per year. If you find any errors or mistakes on your report, follow the reporting agencies established guidelines for filing an error claim. Keep in mind that a credit bureau can take 30 days to investigate a claim and plan accordingly.

Work with your lender to figure out the monthly payment for the loan including the property insurance and taxes that you will be able to handle in your budget.

Survey Your Funds for the Down Payment

One of the most crucial steps is to confirm that you have enough money to complete the down payment required to obtain your manufactured home and make a plan to acquire the funds if you don’t have enough. The amount of money required for a down payment will be largely dependent on the lender and if the mortgage is an FHA insured mortgage. FHA insured loans are preferred by most lenders because they protect them in case the borrower defaults on the loan. FHA borrowers will likely put 3.5% down and the amount can reach up to 20% or more if you’re regarded as a credit risk.

Conventional loans may be available for borrowers with a good credit score. People with good credit are usually not expected to put more than 20% down as payment and sometimes even less. The amount of down payment required is curated by considering a person’s credit profile, the location of the area, and how many loans they have defaulted on resulting in their credit risk. These are factors that contribute to down payment requirements varying between lenders.

If you find that you do not have enough money to complete the down payment, work with the lender and request to use borrowed funds if you have a relative or friend willing to loan you the money to cover the difference. Keep in mind that all lenders do not accept borrowed funds so don’t count on them as a guarantee for financing a manufactured home.

Government Loan Programs Available

Government loan programs are a viable option for financing a manufactured home if you qualify. There are two FHA programs available: FHA Title I loans and FHA Title II loans. FHA Title I loans are personal property loans used for financing homes intended for rental sites and FHA Title II loans are real estate loans created for financing home being purchased in conjunction with the land it will be placed on.

According to FHA. com, for a manufactured home to qualify it must meet these standards:

  • Must be built after June 15, 1976
  • Must be permanently fixed to a foundation built to FHA standards
  • Must have a minimum size of 400 square feet
  • Must have a designated or approved lot
  • Each home section must have the HUD Label
  • Must meet the Model Manufactured Home Installation Standards
  • Must be the borrower’s primary residence

Make Sure Your Home Qualifies

Make sure that your manufactured home and where you intend to place it meet the local and lender requirements. The universal loan standards and requirements that must be met are:

  • The property cannot be in a flood zone
  • The home structure cannot have been previously moved
  • The structure must have been built after 1976
  • The home structure must be permanently set on a lot you own

Get Your Records in Order

Keep careful track of your records. Some of the documents that might be requested from you are six months of bank statements, two months of paycheck records, and payments from your utility companies. You will also be required to sign a release allowing the lender to request your income tax transcripts from the IRS.

The process for financing a manufactured home is not as difficult as you may think. Once you get started you might find yourself surprised with how much a lender is willing to help you succeed. Take careful steps to ensure that you are able to move forward quickly and easily with everything that you need to be successful.

Choosing New or Pre-Owned Manufactured Homes

When in the process of looking for a new home there are some big questions that you need to consider. One of the biggest questions being, “Should I buy a new or pre-owned manufactured home?” Before making this major purchasing decision, here are some factors to consider.

Price

Take a look at your budget and savings to determine if a new or pre-owned manufactured home is the better fit for you and your family. The main benefit of considering a pre-owned manufactured home is the reduction in price. If you are looking to spend a little less upfront, a pre-owned manufactured home might be ideal but keep in mind that there could be additional costs that arise due to repairs that might need to be done on an older home. If you require a loan to finance the home, it might be easier to obtain one for a new manufactured home than a pre-owned home.

Condition

Is the pre-owned home that you are considering still in good enough condition to support a family? When booking appointments to walk through a pre-owned manufactured home that you’re considering buying, take a look around and inspect the place to find out answers to important questions. Test to make sure that the windows open and close properly and if the area underneath the home has been maintained. For larger concerns such as the condition of the roof, consider hiring a professional to conduct a more thorough inspection to catch any issues that you might have missed or might not know to look for. Make sure to check the conditions of the walls and insulation and all of the utilities. Check to make sure that everything is up to date and the home will be able to be heated and cooled properly and safely. A professional will be able to assess how much work you will have to put in to make repairs and if it would be worth it to stick with the pre-owned home or purchase a brand new manufactured home.

Landscaping and Customization

Think about your vision. Maybe you want to purchase a home with a previously maintained garden and a deck or with a sunroom that has already been built. Or maybe you want to start from scratch and make your yard look exactly how you would like. You should know that it is very expensive to move a manufactured home. A local move can cost upwards of $1000 and a move across state lines could reach more than $10,000. Are you happy with the placement and location of the pre-owned manufactured home that you are considering, or would you rather live on a property in front of a lake? If you already own property, you might already have a spot where you would like to place your home. If you want to live in a manufactured home community, do your research to find out the park policies as many parks won’t allow manufactured homes to be brought in that are of a certain age.

Purchasing a new manufactured home offers you the best chance to get the features that meet your needs. However, if you are just looking for a home to fulfill the basic standards for living and still meet your requirements, opt for a pre-owned home with features that the previous owners already chose.

The Buying Process for a Used Manufactured Home

The market for used manufactured homes is not as extensive as the number of credible websites available for prospective homeowners to look at when researching to purchase a traditional site-built home. Buyers looking to purchase a used manufactured home will have to use their resources and best judgment to look for used manufactured homes for sale and whether or not those homes are in good enough of a condition to even consider. Search through listings on Craigslist, newspaper classified ads, and eBay for used manufactured home listings. If you want to look for a real estate agent to help you through the buying process, make sure that they are knowledgeable about the manufactured housing industry and will actually be able to help you.

The Process of Building a New Manufactured Home

There are a lot more pieces involved if you decide to purchase a new manufactured home. If you are building a brand new manufactured home from scratch, you will need to choose a builder, dealer, model, floor plan, materials, financer, insurer, and installer in order for your new home to get built successfully. Going through this process can be fun and allows you to customize your home more to your liking. Adding in an extra closet or a fireplace will drive up the price for your home, but the ability to get exactly what you want is enticing for a family with a higher budget to spend.

Whether you purchase a new or pre-owned manufactured home, becoming a manufactured homeowner is a great personal and financial investment decision. Make sure that you do thorough research and consider all of your options so you can make the best decision that fits the needs of you and your family.

 

 

Consider a Luxury Manufactured Home

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When you are looking to move into a new home, there are many different options for you to consider. Price, size, location, and amenities are just some of the main features that new homeowners take into consideration when deciding where to move to next. When most people think of luxury housing, a manufactured home isn’t always the first thing that comes to mind. However, manufactured homes are being built and sold more and more as an alternative to traditional housing due to their newfound elegance and extravagance at a fraction of the cost of traditional homes. Here are a few reasons for why you should consider a luxury manufactured home over a traditional home for your next place to live.

Think About Size

One of the main stipulations for buying or renting a new home is that it needs to be a comfortable size to fit the needs of you and your family. When you are looking at a traditional home, you are often limited to the amount of square footage of the homes that you’re shown. This can leave you with fewer choices than you would like to have or need to make the right decision. If you consider a luxury manufactured home, your sizes become a little more flexible with how big or how small you would like your home to be. If during your search you don’t come across a model that has quite the size that you’re looking for, you can customize your own manufactured home to fit the size that you want and need.

Location, Location, Location

If you buy a traditional home, you’ll be stuck in one place. A luxury manufactured home is able to be built and then transported in a variety of different places. If you consider a luxury manufactured home, you are able to search for land for it to be built on, not just a neighborhood. This will open up your housing choices even more. You can choose a scenic location overlooking the water or an area with a spacious forested backyard to further add to the feeling of elegance that your home will hold.

Don’t Break the Bank

One of the most important things that goes into home purchases is how much it’s going to cost. A luxury manufactured home offers you an affordable and high-quality home that will fit well within your budget. Many luxury manufactured home models contain many of the exact same features that traditional homes with less of a cost per square foot. This will mean that you will receive the same payout of living in a nice home with a smaller mortgage payment, and you will still have extra money to spend to pursue the other things you want in life. Consider a luxury manufactured home if you want to get a lot more for your money.

You Can Get it How You Want It

Unlike a lot of traditional homes, luxury manufactured homes are extremely customizable. Many luxury manufactured homes offer custom extravagant features and extra touches such as fireplaces, entertainment centers, and vaulted ceilings for your enjoyment. You can live a lavish life and customize a home to your personal tastes.

Whether you’re buying your very first home or looking for a new place to retire, there are soo many reasons why you should consider a luxury manufactured home. These upscale homes are a great option for those who want to live a lavish lifestyle on a budget. Customize your home to your personal tastes and create the perfect luxury manufactured home to fit the needs of you and your family.

           

Preparing to Move Into A Manufactured Home

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Many families are choosing to make the transition to a manufactured home for their first housing option while many other senior citizens are choosing manufactured homes as their number one choice after retirement. If you are looking to move into a manufactured home for the very first time you might have some questions. Here are some tips and some information to consider when preparing to move into your manufactured home to ensure for a smoother transition.

Decide Where You Want Your Home to Be

One of the first things to consider when you buy a manufactured home is where you want to put it. There are three main location options to choose from that rely on whether you want to buy a lot or land, whether you want to rent a lot or land, or if you would rather move into a manufactured housing park or community. All of these different housing options come with their own set of advantages and challenges to think about and making this decision is the first step for moving into your new home.

Get the Right Documents

Make sure that you get the right insurance for your new manufactured home. Take the steps to invest in manufactured home insurance to ensure that your home is protected from possible unexpected dangers or disasters. There are three main categories of housing protection that you want to make sure that you are covered against and they are water, fire, and wind damage, liability for personal injury, and theft or break-ins. Some of this housing protection coverage can prove to be especially useful if you are moving into an area that often faces harsh weather conditions including hail storms, snow storms, tornadoes, and extreme thunderstorms.

You should also make sure that you have all of the correct permits. The permits that you need may vary based on location. Most locations that allow manufactured homes require that you have an up-to-date building permit, transport permit, and occupancy permit. Some locations might require additional utility connection permits. You should apply for all of your permits at least 6 weeks before you are planning to move into your new manufactured home to make sure that everything is ready and legal before you arrive.

Get Rid of Some Things

Sometimes you might not even realize how much stuff you really have until it’s time to pack it all up. When you are preparing to move into your manufactured home you might need to keep in mind that you might not have as much space as you did in your previous housing situation. This is an opportunity to get rid of all of the unnecessary clutter that has been building up in your home. Take as much of the old furniture and clothes that you have lying around as you can and donate the items to charities because the closet space in your new manufactured home will be a little more limited. Donating a few of the old items that you are no longer using will not only be a great way to clear out space and give you less things to pack up, move, unload, and then reorganize, but it will also give you a good feeling to know that you will be giving back to the community.

Figure Out Your Home and its Utilities

Begin to familiarize yourself with your manufactured home’s water heater, pipes, circuit breaker, and other important utilities. Make sure that all of the electrical and plumbing systems work correctly throughout the home because nothing would be worse than spending an entire day moving and unpacking only to discover that you are unable to take a shower at the end of a long and hard day. If it is possible, have your phone, cable, and other Internet services already transferred and set up before you move in so you don’t have to go very long without the convenience of being “plugged in.” The more you understand about the utilities in your home, the more prepared you will be to deal with any potential issues that may come up. Look for and document any obvious damages that might require repairs in the future.

Get to Know Your Neighbors and Neighborhood Staff

If the area that you will be moving into is in a manufactured home community, take some time to familiarize yourself with the people who you will be living around. This can be one of the best and most rewarding parts about moving into your new manufactured home. Get acquainted with your neighbors and take part in community events so your manufactured house truly begins to feel like a home. Getting to know your neighbors is also a good idea as they will be able to give you information on what it is like to own a manufactured home and can potentially help you out with any manufactured home questions you may have or issues you may run into.

You can take this a step further by setting up a meeting with the park management team. Make an effort to get to the know the staff that works in the park so you will know who to go to for help in case you run into any issues with your home. The park manager will also be able to let you know any of the specific rules and regulations that may come with being a member of the manufactured home community. Every manufactured home community has specific rules, and many have fees set in place that come with breaking those rules. That is why it is a good idea to figure out what is and is not allowed so you don’t end up in trouble with the park manager.

Moving can be hard but preparing to move into your manufactured home doesn’t have to be stressful. Take the initiative to be proactive and make important preparations in advance to think about everything that you might need before moving into your home. Get as much done as you can early on so your first night in your new home can be as relaxing as possible.

 

Where to Put a Manufactured Home

move into a manufactured home

What comes first? The location, or the home? Manufactured homes are becoming a more and more popular housing option for many people all over the country because of the benefits they offer as a low-cost alternative to the more traditional site-built homes. If you are a first-time manufactured home owner or if you are in the market for a new manufactured home in a different area, when you’re building a new manufactured home, the location where you choose to place it counts for a lot. Whether you are more concerned about convenience, the luxury of having a scenic view, or a combination of both, here are some suggestions for where to put your manufactured home so you can live on the landscape you desire.

Do You Prefer an Individual Lot or a Manufactured Home Community?

To begin, when first thinking about where to put your manufactured home, you will have to choose whether you would like to place your manufactured home on an individual lot or on a lot in an already existing community with other manufactured homes. It may be your preference to place your manufactured home on an individual lot if you are looking for more privacy than a existing manufactured home community will be able to provide you with. However, keep in mind that choosing private, vacant land will make you responsible for the permits, zoning documents, and other necessary rules and regulations that are involved with owning land. This  can be a time-consuming and also difficult process if you have never had to go through the procedure for a previous home before. If you do decide to to put your manufactured home on vacant land, also try your best not to choose too remote of a location that could be considered inaccessible for delivery trucks to get to, or difficult to find in general in case you ever have the need for emergency or fire services. If you are certain that you would like to place your manufactured on a vacant and private area, you can always choose to hire professionals to take care of all of the official documents and zoning regulations to make sure that everything is up to code and in line with the expected standards. Another aspect of living in an individual lot versus a manufactured home community that you might want to keep in mind is that living in a manufactured home community might require you to pay additional monthly fees to cover the costs of security and other amenities that living in an established community provides. If you don’t mind having neighbors, there are some benefits to choosing to live in a manufactured home community that you might find to be appealing and more in line with what you’re looking for. Some benefits that manufactured home communities may provide you with might be that the foundation for the home will already be installed for you, the park will have staff with the knowledge to help you resolve any possible minor issues with your home and also handle your building inspection, all of the utilities are already set to be integrated with your home, and there are usually recreational facilities and other opportunities for social interaction located on-site as a part of living in the community. Visit the community and do your research in order to be fully aware of all of the amenities offered in the manufactured home community you are considering placing your manufactured home in in order to decide if they are worth the additional monthly fees you will have to pay to live there.

Decide If You Will Be Renting or Purchasing the Land

When making the decision of where to put your manufactured home, you must also decide if you will be renting or purchasing the land or lot that you will be placing your manufactured home on. If you decide to make a direct purchase of the land, check to make sure that the lot has all of the necessary qualifications that it needs to be zoned for the placement of manufactured homes, and that there are no restrictive covenants placed on the land. If you decide to take the alternative route and rent the land that the manufactured home will be placed on, check that you will not end up having to make additional payments for specific areas like water, sewage or trash removal in the area that your home is located. Do a thorough examination of the lease to make sure that there are not any specific prohibitions or restrictions placed on the land to ensure that you will be able to live comfortably in your home and enjoy the land you live on without any surprise issues.

Check and Double Check for Safety

Make sure that a professional comes to inspect the land that you are planning to put your manufactured home on to make sure that it is an area where a manufactured home is able to be properly and safely installed. One of the most important features to keep in mind when thinking about and deciding where to put your manufactured home is that your manufactured home must be built in an area that allows it to sit on completely level ground. If the land is crooked or if there is the potential for it to sink, you will have to find an alternative spot to place your home.

Manufactured homes can come in a variety of sizes and designs and are able to be built and installed in a wide variety of places. While there can be some restrictions placed on where you are able to put your manufactured home based on local building and zoning laws and requirements, it is absolutely possible to have a great home in a great location if you research and do your due diligence. The most important thing above all is to make sure that your home is placed on a safe and durable foundation to ensure that you can live comfortably and worry-free in your new manufactured home.

 

How to Take Care of a Manufactured Home

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Just like any traditional site-built home, your manufactured home requires routine maintenance and upkeep to ensure that it stays in the best condition possible. Here are some easy tips and tricks related to caring for your manufactured home to help you maintain its value over time.

Make Sure Your Manufactured Home is Level

One of the most important steps in caring for your manufactured home is to make sure that you check your home every year to keep track that it is on level ground. Manufactured homes can settle over time, and if a manufactured home is not level that can bring about several issues including doors and windows that won’t shut correctly, cracks appearing in walls, and possible water leaks.

Take Care of the Skirting Around Your Home

One of the ways that manufactured homes differ from traditional on-site homes is that they are open underneath. Because of this feature, skirting has to be installed around the manufactured home to protect the plumbing, heating, and electrical systems that have been installed under the house. Maintaining the skirting around your manufactured home can also help discourage small animals from making their home under yours. Keeping pests out from underneath your manufactured home is important as they are known for damaging electrical and plumbing lines.

Maintaining the Roof

If your manufactured home has a flat roof, another step in caring for your manufactured home would include resealing or recoating it on a regular basis. Typically, the roof is the feature of a manufactured home that receives the most wear and tear over time. Some professionals even recommend receiving a routine roof inspection every single year. It is also a good idea to get your roof inspected after any major storms or other severe weather. Keeping up with roof maintenance can help to ensure that there are less severe problems that come about in the future.

Keep Your Home Clean

An easy but important step in caring for your manufactured home is to simply make sure that you keep it clean, both inside and outside. Try to limit the amount of dirt and debris that piles up around your home because debris can collect large amounts of moisture over time that can lead to significant water damage. Regularly take the time to clear the leaves, mud, and other waste from around your home to ensure that it stays looking clean and beautiful.

Check Your Utility Bills

If you find the amount of money that you’re paying every month for your manufactured home has increased, that might be a sign that something is wrong with the heating or cooling system. It is a good idea to perform regular maintenance on the heating and cooling systems in your home to ensure that they are working at their top condition and to reduce the amount of money you are spending on your utility bill.

Keep Your Owner’s Manual

The owner’s manual that came with your manufactured home can contain all of the information necessary in caring for your manufactured home. It will have all of the inside information on how the different systems work and ways to troubleshoot certain issues as they arise. It might also help you come up with a checklist of features to routinely check and maintain. So if you still have your owner’s manual lying around, keep it, because you never know how it might help you with maintenance on your home in the future.

Manufactured homes have the potential to be long-lasting and durable. With regular maintenance, caring for your manufactured home can be simple. By keeping up with routine care and professional inspections, your manufactured home will be able to stay in great condition and last you and your family for many years.

Steps to Certifying a Manufactured Home

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A manufactured home is characterized as a structure that is transportable in one or more sections, constructed to meet Federal MHCSS (Manufactured Construction and Safety Standards), and is so labeled confirming the unit was built according to MHCSS. Follow below for steps to certifying a manufactured home.

Steps to Certifying a Manufactured Home


Manufactured Home Definitions

Let’s go over some definitions you’ll encounter with your manufactured home. If something isn’t understood, or you would like additional information, please contact us below and we will answer your questions!

Anchorage:
The connection between superstructure and foundation, utilizing welds, bolts, and various high gauge metal plates. The anchorage does not refer to any soil anchor.

Permanent Construction:
A construction-permanent (CP) mortgage couples the features of a
construction loan (short-term loan for financing construction cost) and a traditional long-term permanent mortgage.

Existing Construction:
A manufactured home has been permanently installed on site for one year or more prior to the application date.

Exterior Foundation Wall:
A Foundation wall placed directly below the outside walls of the unit. These walls can be structurally used as bearing walls under both gravity loads and/or shear walls under perpendicular loads. If these walls aren’t used structurally, they are called non-bearing walls or skirt walls.

HUD Construction Code (Certification) Label:
Sometimes referred to as a HUD “tag” or “seal”, The Construction Code Label is red metallic with silver lettering. It is permanently attached to the rear exterior siding of each section that is transportable in accordance to HUD Title VI Regulations, June 15, 1976.

Itemized Value:
The appraised value of the unit by an FHA appraiser and land separately.

New Construction:
The manufactured home has been built on-site for under one year prior to the application date.

PFGMH:
Permanent Foundations Guide for Manufactured Housing

Perimeter Enclosure:
See skirting.

Relocation:
Moving the manufactured home previously installed or occupied to another site or location.

Skirting:
Skirting describes a non-structural enclosure of a foundation crawl space. It is usually a lightweight material such as metal or vinyl, attached to the outside of the unit, extending to the ground.

Manufactured Home Property Eligibility

The steps to certifying a manufactured home include eligibility of the following:
• In general, a maximum of two acres allowed, or if appraisal reflects no more than 40% land value, up to five acres
• An appraisal must have three recently closed-like comparables and a second appraisal may be required at the underwriter’s discretion
• Manufactured Housing PUD units and Manufactured Housing Condo eligible

Manufactured home located in Flood Zones V and A are not eligible without one of the following documentation:
• LOMA (FEMA Letter of Map Amendment) that removes the property from the SFHA
• LOMR (FEMA Letter of Map Revision) that removes the property from the SFHA
• Recent Elevation Certification by a licensed engineer or surveyor showing that the grade beneath the home is at or above the 100-year flood zone elevation and appropriate flood insurance is obtained

Contact us below for any further questions.