Manufactured Home Loan Insurance_Financing Purchase of Manufactured Homes as Principal Residences of Borrowers


To make possible reasonable financing of manufactured home purchases.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Agency: Department of Housing and Urban Development
Office: Office of Housing-Federal Housing Commissioner
Type(s) of Assistance Offered
Program Accomplishments
Not Applicable.
National Housing Act, Title I, Section 2, as amended, 12 U.S.C. 1703.
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
All persons are eligible to apply.
Beneficiary Eligibility
Documentation regarding the characteristics of the manufactured home unit and the qualifications of the borrower are submitted to the lender. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
Application Procedure
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Application is submitted to a HUD-approved lender or through a lender's approved dealer for review and approval.
Award Procedure
Not Applicable.
Approval/Disapproval Decision Time
Lenders must submit loans to HUD for a pre-closing test approval period, which will average 3 to 5 days for complete submissions. Upon successful completion of the pre-closing test phase, a lender may then be authorized to participate in the Title I Direct Endorsement Program. HUD has no other participation or regulation over the lender approval processing time.
The applicant may reapply.
Not Applicable.
How are proposals selected?
Not Applicable.
How may assistance be used?
HUD insures lenders against loss on loans. Insured loans may be used to purchase manufactured home units by buyers intending to use them as their principal places of residence. The maximum amount of the loan is $69,678, whether single or multiple modules. The lender must give assurance that the unit will be placed on a site which complies with local zoning and land development requirements.
What are the requirements after being awarded this opportunity?
Not Applicable.
Not Applicable.
Lenders are required to service and maintain records in accordance with acceptable lending practices of prudent lending institutions and the FHA regulations.
Other Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
The loan term may not be less than 6 months and may not exceed 20 years, plus 32 days. Method of awarding/releasing assistance: quarterly.
Who do I contact about this opportunity?
Regional or Local Office
None. For additional information, individuals are encouraged to contact the FHA Resource Center by phone at 1-800-CALLFHA (1-800-225-5342), by email at or visit the FHA Resource Center site at
Headquarters Office
Wanda L. Sampedro 451 7th Street, SW, Washington, District of Columbia 20410 Email: Phone: (800) 225-5342
Website Address
Financial Information
Account Identification
(Sale, Exchange, or Donation of Property and Goods) FY 14 $24,328,018; FY 15 est $22,000,000; and FY 16 est $20,000,000
Range and Average of Financial Assistance
The maximum loan amount is $69,678. The average loan amount is $47,146.
Regulations, Guidelines and Literature
24 CFR Part 201.
Examples of Funded Projects
Not Applicable.


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