For new structure, the lending company is responsible for conformity that have Fannie Mae’s basic appraisal criteria, especially B4-1
MH Virtue Assets Qualifications Conditions
MH Virtue is manufactured houses that is built to satisfy structure, architectural build, and energy abilities standards that are alot more consistent with webpages-dependent land.
specific architectural and you can graphic enjoys including special rooftop treatments (eaves and better mountain roofline), all the way down reputation base, garages otherwise carports, porches, and you will dormers;
Fannie mae enjoys preparations with firms away from belongings meant to meet the requirements to have MH Virtue centered on specific build conditions. This new contract lets the new providers to apply a keen MH Virtue Sticker in order to multi-width are designed property you to meet the build criteria. Except for the lending company criteria in depth less than, lenders are not needed to alone influence the new property’s qualification to possess MH Virtue.
make sure the possessions meets the newest MH Virtue standards from the reviewing appraisal images evidencing the existence of brand new MH Advantage Sticker (listed in proximity to the HUD Study Plate), and you can either the brand new HUD Studies Dish or even the HUD Qualification Label(s) getting current build. (They are both required for the construction.)