Fannie Mae expanded eligibility for single wide trailers

Fannie Mae just announced a new revision to their requirements regarding loans on single wide trailers. As of December 14, 2022 Fannie Mae has revised the date of manufacture eligibility. Prior to this date, the date of manufacture as found on the HUD Data Plate within the unit could not be more than 10 years from the effective date of the appraisal. They have now updated the property eligibility criteria to remove this requirement and align the age requirement with other manufactured home products. Fannie Mae now allows all manufactured home units manufactured on or after June 15, 1976 regardless of the number of sections.

 If you want more information regarding manufactured homes, check out my other blog post on this subject:

  http://www.tncresappraisals.com/blog/2022/8/15/modular-vs-doublewide