603.03

Code Standards

Requirements

You must determine if all Manufactured HomesManufactured HomesFactory-built home located on an MH Site. in the MH CommunityMH CommunityResidential real estate development with lots on which manufactured homes are located, together with amenities, utility services, landscaping, roads, and other infrastructure. meet the requirements of the Federal Manufactured Home Construction and Safety Standards of 1974 (HUD Code) (42 USC Chapter 70; 24 CFR Part 3280), as amended.

Guidance

Fannie Mae may allow pre-HUD Code Manufactured Homes if

  • they are BorrowerBorrowerPerson who is the obligor per the Note. -owned homes or Affiliate-Owned HomesAffiliate-Owned HomesManufactured Home or park model home located on an MH Site that is owned by an Affiliate of the Borrower.  that comply with local codes with no identified life safety issues,
  • the BorrowerBorrowerPerson who is the obligor per the Note. certifies, and the Loan DocumentsLoan DocumentsAll documents evidencing, securing, or guaranteeing the debt obligation executed for a Mortgage Loan and approved by Fannie Mae. reflect that no additional pre-HUD Code homes will be added to the MH CommunityMH CommunityResidential real estate development with lots on which manufactured homes are located, together with amenities, utility services, landscaping, roads, and other infrastructure. during the term of the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. , and
  • you document the number of pre-HUD Code homes.