MAKING SURE YOUR HOME WILL QUALIFY!

• Your home MUST have a floor area of not less than 400 square feet. Park Models and Singlewides need not apply!
• Your entire property (home and land) MUST be classified and subject to taxation as real estate. If your home is currently considered personal property or chattel, we can help you change the classification.   Leasehold estates, no matter what their term are not allowed.
• Must be a 1 unit single family residence dwelling.   (2-4 unit properties not allowed) and maximum of 2 acres.
• Your home MUST be built on and remains on a permanent chassis. If you are thinking, what in the heck does this mean??? Whether it looks like it or not, the home originally came in on wheels and then was set up. Hopefully the running gear (tires, axles and towing hitch) have been removed. If not, they will have to go!
• Finished grade elevation beneath the home or if a basement is use,the lowest finished exterior grade adjacent to the perimeer enclosure, shall be at or above the  the 100 year return frequency flood elevation. If you are living in a flood plain, the loan is probably a no go!
• Your home MUST be built after June 15, 1976. No exceptions, no matter how many improvements and remodeling you have done. If you don’t have the paperwork to prove it or don't know, try to find the 2"x4” aluminum plates at the left rear of each section of your home that start with three letters, followed by 6-7 numbers, this is a good sign! EG. CAL123456 or ARZ 789101
• The foundation system must meet the guidelines published in the Permanent Foundations Guide for Manufactured Housing, dated September 1996 aka The HUD Handbook. How do you know if it will pass? You don't know and don't try to figure it out. We'll take care of this as part of the loan process by obtaining a certification from a licensed engineer. If it is determined that your foundation doesn't meet the compliance requirement, there are ways to make foundation repairs and generally these repairs can be rolled into your loan.    A current engineer's certification is required---previous reports are usually not acceptable.
• Your home MUST be in its original site or location. So if it was ever moved (other than from the dealer or manufacturer), your home will not qualify.
• Additions or structural modifications must not put the home at risk. If you have made structural improvements on the home, ideally you have the proof of permits. If not, we can make sure that a licensed engineer also certifies any of the alterations and modifications.
• Site must be served by permanent water and sewer facilities approved by the local municipal authority, if available at the site.   (Cisterns and hauled water are not acceptable for mortgage insurance)
• All-weather roadway must serve the site.   Cannot be dirt unless treated or gaveled.  Must be community of privately maintained and a maintenance agreement is usually required.
• All homes must have an affixed HUD - in the case of missing plates, an IBTS (Institute for Building Technology and Safety) can submit a letter verifying certification label.
• Only homes in FHA acceptable PUDs or approved condo developments are allowed.