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

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Office - None.

Contact HUD at (800) 767-7468 for a brochure, item no.


Program Accomplishments

During fiscal year 2007, 1,386 loans were made.

Uses and Use Restrictions

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 $48,600, whether single or multiple modules.

The borrower must give assurance that the unit will be placed on a site which complies with local zoning and land development requirements.

Eligibility Requirements

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 OMB Circular No. A-87.

Aplication and Award Process

Preapplication Coordination


This program is excluded from coverage under E.O.


Application Procedures

Application is submitted to a HUD-approved lender or through a lender's approved dealer for review and approval. This program is excluded from coverage under OMB Circular Nos. A-102 and A-110.

Award Procedures





National Housing Act, Title I, Section 2, as amended, 12 U.S.C. 1703.

Range of Approval/Disapproval Time

HUD does not participate in the approval or disapproval of individual loans.


The applicant may reapply.


Not applicable.

Assistance Considerations

Formula and Matching Requirements

HUD insures private lenders against losses of up to 90 percent of any single loan with maximum insurance coverage limited to a total of 10 percent of the total amount insured. A 5 percent down-payment is required. The interest rate is agreed upon between the borrower and lender. Annual insurance charges are $1.00 per $100 of the amount advanced.

Length and Time Phasing of Assistance

The average loan term is between 15 to 25 years.

Post Assistance Requirements


Not applicable.


The Department of Housing and Urban Development reserves the right to audit the accounts of lenders in order to determine their compliance and conformance with FHA regulations and standards.


Lenders are required to service and maintain records in accordance with acceptable lending practices of prudent lending institutions and the FHA regulations.

Financial Information

Account Identification



(Loans insured) FY 07 $53,235,426; FY 08 est $71,121,000; and FY 09 est $71,121,000.

Range and Average of Financial Assistance

The maximum amount of the loan is $48,600, whether single or multiple modules. The average loan amount for FY 2006 is $37,970.

Regulations, Guidelines, and Literature

"Financing Manufactured Homes," HUD-265-H(10); 24 CFR Part 201.

Information Contacts

Regional or Local Office

None. Contact HUD at (800) 767-7468 for a brochure, item no. 4340.

Headquarters Office

Director, Home Mortgage Insurance Division,Department of Housing and Urban Development, 451 7th Street, S.W., Room 9266, Washington, DC 20410. Telephone: (202) 708-2121.

Criteria for Selecting Proposals

Not applicable.

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Edited by: Michael Saunders

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