Manufactured Housing Financing
Webinar: Introduction to MH Financing
Join Fannie Mae representatives to learn about manufactured home financing options, with an overview of programs and policies that can support your manufactured home financing business.
Register for September 15 Register for December 7
With the country facing a shortage of affordable homes, manufactured housing provides a solution for borrowers ready to purchase. Whether a borrower is taking one of the most affordable paths to homeownership, or a more attainable alternative to site-built homes, Fannie Mae offers options to help a range of customers achieve the dream of homeownership.
Why Choose Conventional Financing?
MH mortgages
Standard MH For traditional single- and multi-width manufactured homes. |
MH Advantage For homes built to appeal to site-built borrowers. |
|
---|---|---|
Minimum down payment | 5% | 3% |
Must be titled as real property |
Yes | Yes |
Design | Traditional single- and multi- width homes. | Multi- width homes with features similar to site-built homes. See Home Specs |
Appraisals |
Must include a minimum of two manufactured home comps. Additional requirements for single-width MH. | Must use MH Advantage comps if available. May use site-built comps if MH Advantage comps are unavailable. |
LLPA | 0.50% | N/A |
MI Coverage |
Varies from site-built homes. | Consistent with site-built homes. |
See the MH Product Matrix for more information about MH Advantage and Standard MH Financing.

Helpful Resources

Homeownership Education
To qualify for purchase loans with an LTV greater than 95%, homeownership education will be required for at least one borrower, when all occupying borrowers are first-time homebuyers. Fannie Mae HomeView™, which provides a clear view into the homeownership process, can be used to satisfy the homeownership education requirement.
Learn more about homeownership education.
