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FHA Condo Approvals – Manufactured Housing Condo Projects
FHA Condo Approvals – Manufactured Housing Condo Projects

[Note: article has been updated to reflect current FHA guidelines.  See below.]
In certain parts of the country, Manufactured Housing Condominium Projects (MHCPs) are prevalent.   Typical ownership of this fashion is where the unit owner owns the manufactured home and may own the ground on which it sits.
Manufactured Housing is a different category of housing than modular homes.  This article by John DL Arendsen will give you more information than you would ever need to know about manufactured and modular housing and does an outstanding job of explaining the differences.
MHCPs may be eligible for an FHA condo project approval.  FHA requires that these approvals be processed via HRAP (directly through HUD) and cannot be reviewed and approved DELRAP (by a lender).  FHA also states that MHCPs cannot be handled as “site condos”.  [As an aside, FHA does not differentiate between modular and stick-built homes.]
One common feature of a site condo (and is a requirement of FHA to be deemed a site condo) is that the unit owners are to be responsible for the insurance, maintenance and upkeep of the interior and exterior of the unit.  This is common trait ... more

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