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Manufactured Housing

Resources for borrowers who own Manufactured Housing Community sites and associated common amenities and infrastructure.

About Manufactured Housing

Fannie Mae has been the leading source of liquidity for Manufactured Housing Community (MHC) transactions with staff dedicated to the product since 2000. With unparalleled experience, flexible financing, competitive pricing, and fast execution, Fannie Mae is the partner you can trust when it comes to MHC.

This icon represents Duty to Serve-eligible loan products, services, and markets. Learn more about Duty to Serve.
Michael Keeney

Michael Keeney

Multifamily Underwriting - Senior Director

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Manufactured Housing Mission Definition

To align with the Duty to Serve (DTS) regulation and to ensure continued support for underserved markets, a Mortgage Loan secured by Manufactured Housing Community (MHC) must meet one of the following three criteria to receive mission treatment:

Tenant Site Lease Protections

 

  • The MHC agrees to adopts the Tenant Site Lease Protections (TSLPs) per the Fannie Mae product requirements (subject to affordability % per the Multifamily Affordability Estimator).

Non-Traditional Ownership

 

  • The MHC is owned by a Non-Profit/Government entity or by Residents under a Cooperative regime.
  • Learn more about our Non-Traditional Ownership pricing incentive here.

Rural Census Tract

  • The MHC is located in a DTS-designated rural area and affordable to residents at or below 100 percent of Area Median Income (AMI).  Complete the Multifamily Affordability Estimator to determine eligibility.
  • Download the MHC Multifamily Affordability Estimator (MAE).

Our Duty to Serve Accomplishments

  • Financed 36,996 pads with tenant site lease protections
  • Launched tenant site lease protection and non-traditional ownership incentives
  • Financed 15,672 units of affordable housing in high-needs rural regions
  • Invested in 291 LIHTC properties in rural areas

Additional Products

Non-Traditional Ownership

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Tenant Site Lease Protections

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Need a Lender?

Contact a Manufactured Housing Lender

Our lenders play a critical role in making affordable housing possible for working families across the country.

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For more information contact the MHC Financing Team:

Michael Keeney, Senior Director, Credit Underwriting: [email protected]
William Stoker, Lead Associate, Duty to Serve: [email protected]