VA Pamphlet 26-7 Chapter 12, Topic 40: Manufactured Homes Classified as Real Estate

Document
VA Lender's Handbook, VA Pamphlet 26-7
Version in Zeitro Strata
Where
pages 317–318 of 461

Page 317

Topic 40. Manufactured Homes Classified as Real Estate

March 28, 2019

This Chapter has been revised in its entirety.

a. MPRs

Manufactured homes must meet the VA MPRs described in this Chapter.

b. Real Estate Entity

The manufactured home and site must be considered a real estate entity in accordance with state law and meet all local zoning requirements for real estate.

c. Permanent Foundation

The manufactured home must be placed on a permanent foundation, constructed to withstand both supporting loads and wind-overturning loads, that meets state and local requirements.

d. HUD Standards

The manufactured home must be built to HUD Manufactured Home Construction and Safety Standards.

e. Space Requirements

The manufactured home must have a floor area of not less than 400 square feet for a singlewide, or 700 square feet for a double wide manufactured home.

f. State/Local Requirements

Fee appraisers are expected to be familiar with state and local regulations governing manufactured homes (for example, missing HUD labels, alterations, modifications, additions, or component replacements), and to prepare appraisals subject to appropriate requirements for compliance.

Page 318

g. Proposed Construction

If the manufactured home is appraised as proposed construction, the following exhibits are required:

foundation plan,

floor plan showing room layout and exterior dimensions,

elevation plans, and

specifications for flooring, heating, plumbing, electrical equipment, appliances and other items included with the manufactured home.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.