Sale will qualify as a supplemental exhibit to show marketability. Is unable to find a single-width comparable sale, an active listing or “under contract” If the subject property is a single-width manufactured home, one comparable must beĪ closed sale of the same single-width configuration, when available. The appraiser must use a minimum of two comparable sales that are manufactured homes. The comparable selection requirements for manufactured housing appraisals, excluding Manufactured Housing Appraisal Comparable Selection Requirements Excluding MH Advantage Include photos of the completed improvements attached to the permanent foundation,Īnd of the HUD Data Plate and HUD Certification Label(s), or acceptable alternatives. Of any previously unavailable dealer invoice and Include previously unavailable information, and a summary of the appraiser’s analysis Verify and state that the improvements were completed and all other requirements andĬonditions of the appraisal have been satisfied Invoice, the HUD Data Plate, and the Certification Label numbers.Ī certification of completion must be obtained before the mortgage is sold to Fannieīe completed by the original appraiser if possible, or if not possible, by a substituteī4-1.2-04, Appraisal Age and Use Requirements Information that may not be available can include, but is not limited to, the dealer Review of the items and completion of the improvements as a condition of the appraisal. If required information is not available at the time the appraiser is completing theĪppraisal forms, the appraiser must appraise the property subject to the receipt and

Newly Constructed Manufactured Housing Appraisal Requirementsįor new manufactured homes not yet attached to the land or not yet constructed, theĪppraisal may be based on either plans and specifications or an existing model home. Property’s conformity to the neighborhood.

Opinion of the market value of the site, and Type of foundation and utility connections, The use of Form 1004C will help to ensure that the appraiser inspected, considered,Īnd reported the appropriate information including, but not limited to, the:Ĭertification number(s) from the HUD Data Plate or HUD Certification Label(s), The appraiser must report the results of a manufactured home appraisal on the Manufactured Home Appraisal Report ( Form 1004C). Manufactured homes, and provide a summary in the appraisal report. The appraiser must analyze the contract(s) and the manufacturer’s invoice for new

The list below provides requirements and standards for manufactured housing appraisals.įor purchase money mortgages, the lender must provide the appraiser withĪ complete copy of the executed contract for sale of the manufactured home and land Ī complete copy of the executed contract for both, if the manufactured home and landĪ copy of the manufacturer’s invoice if the manufactured home is new. Manufactured Housing Appraisal Requirements and Standards

Manufactured home appraisal checklist