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For new structure, the lender is in charge of conformity which have Fannie Mae’s important assessment requirements, specifically B4-1
MH Advantage Property Qualifications Conditions
MH Advantage is manufactured construction that's built to fulfill framework, structural construction, and energy efficiency conditions which might be far more consistent with web site-created property.
particular architectural and artistic provides like unique roof providers (eaves and higher pitch roofline), all the way down profile foundation, garages otherwise carports, decks, and you may dormers;
Federal national mortgage association possess plans having manufacturers off homes designed to be considered to possess MH Advantage considering certain structure conditions. New arrangement allows the manufacturers to apply an enthusiastic MH Advantage Sticker so you can multi-thickness are built residential property one to meet up with the structure criteria. Apart from the lending company conditions intricate less than, lenders are not necessary to individually dictate the fresh property's qualifications to own MH Virtue.
make sure the assets matches the brand new MH Advantage requirements of the reviewing appraisal photo evidencing the presence of the newest MH Advantage Sticker (placed in proximity toward HUD Investigation Dish), and you will both the latest HUD Research Plate or the HUD Qualification Term(s) to own present build. (Both are needed for the latest framework.)
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