Which construction method option should I choose when the collateral is a mobile home park with no actual mobile homes. I'm assuming I'd report manufactured home, but neither option really fits because we aren't actually taking a dwelling as collateral. There is no option for NA.

Great question. I don't know. I also struggle with trying to understand and explain why a MH park is a dwelling. I wonder what "logic" the CFPB was using to arrive at this conclusion.

Using their logic, to me it will be construction type - manufactured home.

It appears they are insinuating a manufactured home community is a multi-family dwelling.

You tell me.......

2. Manufactured home community. A manufactured home community that is a multifamily dwelling is not considered a manufactured home for purposes of § 1003.4(a)(29).

then you have.....

2. Multifamily dwelling. For a covered loan or an application for a covered loan related to a multifamily dwelling, the financial institution should report the construction method as site-built unless the multifamily dwelling is a manufactured home community, in which case the financial institution should report the construction method as manufactured home.

Are mobile homes and manufactured homes the same thing? They aren't where I am.

(l) Manufactured home means any residential structure as defined under regulations of the U.S. Department of Housing and Urban Development establishing manufactured home construction and safety standards (24 CFR 3280.2). For purposes of § 1003.4(a)(5), the term also includes a multifamily dwelling that is a manufactured home community.

Per the government, they changed 'mobile home' to 'manufactured home' across the board to distinguish pre and post 1976 homes.

Mobile homes - The term Mobile Home is often used interchangeably with the term Manufactured Home but in fact they mean quite different things. "Mobile Home" refers to homes built PRIOR to 1976 when the HUD code governing building standards for factory-built homes was instituted, greatly improving quality standards.

Manufactured homes - Homes built AFTER 1976 should, technically, no longer be referred to as Mobile Homes but instead are Manufactured Homes and are built to a higher standard of quality than yesterday's "Mobile Homes".

And Dan, what you posted further up...what it tells me is what I thought it should. MH Parks are 'manufactured' construction type.

And this tell me,



That if it's a MH community with less than 5 pads, it wouldn't be multi-family. I'd say that's highly unlikely, but possible, hence the wording in 2 above.

n) Multifamily dwelling means a dwelling, regardless of construction method, that contains five or more individual dwelling units.

I agree that a manufactured home community (a mobile home park) with 5+ pads is a multi-family dwelling.

David, you seem to be undecided on them being construction type-manufactured. Why is that? To me, it's clear, so I'm wondering what is it I'm missing?

I just have a tough time calling it "manufactured" when there are no structures - site built or manufactured. There are only pads to put homes on. I can see the logic of calling the construction type - manufactured, but couldn't you also have a site built home within the park?

I've never seen one to be honest, but I'm sure it's possible.

BUT the entire theory of a manufactured home community, even with no homes existing , and assuming there are 5 or more pads, being a 'dwelling' is even more bizarre to my pea brain. ! So the construction 'type' being 'manufactured' on a 'manufactured home' community only seems to fall in place in this bizarre situation.

And I suppose IF you had a manufactured home community with 4 or less, you'd call it 1-4 family, still report it and still call the construction type manufactured, BUT then would you also have to report land owned or land not owned? Obviously, there is only one correct answer to that one, but I'm guessing it would not be NA.

Holy moly.

During my college years, I lived in a MH park. Some of the MH's were rented (like mine) and many were owned privately. The owner/manager had a stick built house at the entrance to the MH park. So the type is "manufactured" or "Site built"?

I still believe the entire theory leads one to the correct answer being manufactured. The vast majority would be

I can agree with that - just seems odd and stupid, IMO.

The entire concept of mobile home park being a dwelling is stupid.

I agree. That's what I said in my first post above.