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3. Direct and Dealer Loan Process for Manufactured Home Loan Program
Loans insured under FHA’s Manufactured Home Loan program are categorized by either of two origination processes: Direct Loans or Dealer Loans.
A Dealer for a Manufactured Home Loan refers to a person or business that is engaged in the business of manufactured home retail sales. Dealers of manufactured home sales have a financial interest (either direct or indirect) in the transaction.