Federal APPROVAL For Manufactured (Mobile) Homes Just Got Easier
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 Published On Nov 15, 2023

The Federal Housing Administration (FHA) has made new rules for how homes are appraised (valued) when people want to get a loan to buy manufactured (mobile) homes. These new rules are for manufactured homes that meet certain quality standards set by two big organizations, Fannie Mae and Freddie Mac. The idea is to make it easier for people to get loans for these manufactured homes and ensure they are valued correctly. FHA says this will help more folks find more affordable housing. They want to make sure Americans can find an affordable place to live. So, they're ensuring these rules match what other people in the housing industry are doing. This way, it's easier for people to get mobile homes, which can be just as good as traditionally built houses.
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