Posted By: Nicole
Mobile Home - Flood Det. - 06/19/20 03:56 PM
Do you need to pull a flood determination on a mobile home only no land taken as collateral and not permanently affixed.
Sorry haven't dealt with MH only loan in quite some time.
Posted By: rlcarey
Re: Mobile Home - Flood Det. - 06/19/20 04:28 PM
Yes. But what do you mean it is not permanently affixed? If it is located in a SFHA, it has to be.
Posted By: Nicole
Re: Mobile Home - Flood Det. - 06/19/20 04:29 PM
the mobile is currently on property not owned by borrower and is not on a permanent foundation just "tied down"
Posted By: rlcarey
Re: Mobile Home - Flood Det. - 06/19/20 04:36 PM
Still need a FHD - if it is tied down - it is affixed from a flood perspective. You cannot place a mobile home in a SFHA without it being affixed without violating flood plain management rules.