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#2279585 - 01/09/23 04:34 PM Manufactured Homes and Appraisals
Luv2run Offline
Platinum Poster
Joined: Jan 2015
Posts: 616
Good morning,

We are looking at providing funds for the purchase of a titled manufactured home.....no real estate security involved. Am I correct in thinking that we are not required to obtain an appraisal or evaluation as this is a loan NOT secured by real estate?
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Lending Compliance
#2279587 - 01/09/23 04:51 PM Re: Manufactured Homes and Appraisals Luv2run
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
If these will be the consumer's principal dwelling then review 1026.35.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#2279588 - 01/09/23 04:54 PM Re: Manufactured Homes and Appraisals Luv2run
Luv2run Offline
Platinum Poster
Joined: Jan 2015
Posts: 616
Thanks Dan. We will be pricing these below the HPML threshold as we are not able to escrow.
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