Fannie Mae’s manufactured housing provides a simple solution for borrowers ready to purchase affordable homes
MH Advantage is a new homeownership option that offers innovative and affordable financing on specially designated MH homes that feature site-built characteristics
Qualifying borrowers can finance up to 97% LTV. When combined with HomeReady® mortgage, borrowers can fund their down payment through multiple sources and save more through reduced MI coverage
Diverse selection of aesthetic features and layouts gives families an opportunity to live in a home that matches their style
Straightforward underwriting and origination processes give you time to focus on strengthening your relationships with participating manufacturers and MH retailers in your area
Today's modern manufactured homes (MH) can help ease the nation's affordable housing shortage, address borrowers' evolving needs, and provide a growing business opportunity for lenders and the industry.
Fannie Mae offers two manufactured housing products: Standard MH and MH Advantage. For those who cannot qualify for Advantage with very low down-payment and even lower price, the Standard MH provides a path to homeownership for millions of American households, especially in high-cost and rural areas.