Mortgage Insurance_Combination and Manufactured Home Lot Loans

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 program brochure #4340.

Selected Recipients for this Program

RecipientAmount Start DateEnd Date
Rural Community Assistance Corporation $ 413,248   2020-10-012021-09-30
Neighborhood Stabilization Corporation $ 288,697   2019-10-012021-06-30
Neighborhood Reinvestment Corporation $ 1,067,891   2019-10-012021-06-30
Rural Community Assistance Corporation $ 344,374   2019-10-012020-12-31
Unidosus $ 407,885   2019-10-012020-12-31
Neighborhood Reinvestment Corporation $ 889,909   2019-10-012020-12-31
Unidosus $ 489,462   2019-10-012020-09-30
National Community Reinvestment Coalition, Inc. $ 740,702   2019-10-012020-09-30
Neighborhood Stabilization Corporation $ 240,581   2019-10-012020-09-30
National Community Reinvestment Coalition, Inc. $ 617,251   2019-10-012020-09-30

Program Accomplishments

In Fiscal Year 2007, HUD insured 1,386 loans.

Uses and Use Restrictions

HUD insures lenders against loss on mortgage loans.

Insured loans may be used to purchase manufactured homes and lots for buyers intending to use them as their principal places of residence.

The maximum mortgage amount is $64,800 for a manufactured home and a suitably developed lot and $16,200 for a developed lot only.

The lot must be appraised by the HUD-approved appraiser.

Maximum loan limits may be increased in designated high-cost areas.

Eligibility Requirements

Applicant Eligibility

All persons are eligible to apply.

Beneficiary Eligibility



Documentation regarding the characteristics of the manufactured home unit, HUD-approved appraisal of the lot, 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 OMB Circular No.


This program is excluded from coverage under E.O.


Application Procedures

Application is submitted to a HUD-approved lender for review and approval. This program is excluded from coverage under OMB Circular No. A-110.

Award Procedures

See Application Procedure.




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.



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 downpayment is required. The interest rate is a negotiable interest rate agreed upon between the borrower and lender. Annual insurance charges start at $1.00 per $100 of the amount advanced.

Length and Time Phasing of Assistance

The maximum loan term is 20 years for a single-module home and lot; 25 years for a multiple-module home and lot; and 15 years for a lot only.

Post Assistance Requirements




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 HUD regulations and standards.


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

Financial Information

Account Identification



(Mortgages insured) Reported under program 14.110.

Range and Average of Financial Assistance

The maximum mortgage amount is $64,800 for a manufactured home on a suitably developed lot and $16,200 for a developed lot only.

Regulations, Guidelines, and Literature

"Financing Manufactured Homes," HUD-265-H(10), no charge; 24 CFR Part 201.

Information Contacts

Regional or Local Office

None. Contact HUD at 800-767-7468 for program brochure #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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