Manufactured Housing

Did You Know?

A manufactured home is built in a factory, according to the Manufactured Home Construction and Safety Standards of June 1976 and secured on a permanent, nonremovable steel frame or chassis. The home can be built as one complete section, or in multiple sections, and transported, assembled and installed at the home site. Manufactured homes cost 45% less per square foot than site-built homes (on average, $55 vs. $114). About two-thirds of manufactured homes are on privately owned land, one-third in manufactured housing communities.

Expanding Homeownership

More than 22 million families are homeowners because of manufactured housing. It just might be the critical source of affordable housing the industry needs. We’re providing innovative and flexible financing solutions to support this market.

Manufactured Housing Solutions

Manufactured Homes Mortgages

Requirements for manufactured homes are designed so that the mortgages we purchase are originated, underwritten and serviced to help borrowers buy homes they can afford and maintain.

CHOICEHome® Mortgages

CHOICEHome^® is our innovative, affordable mortgage initiative, offering conventional site-built financing for real-property factory-built homes, that are built to the HUD Code and have the features of a site-built home.

Additional Resources

Summary | COVID-19 and Loan Performance: A Focus on Manufactured Housing and Duty to Serve High-Needs Rural Regions

Read our summary on our quantitative analysis to assess the effect of the pandemic on manufactured home mortgage forbearances and delinquencies, and the effect on loan performance in Rural America.

Research | COVID-19 and Loan Performance: A Focus on Manufactured Housing and Duty to Serve High-Needs Rural Regions

Freddie Mac conducted a quantitative analysis to assess the effect of the pandemic on manufactured home mortgage forbearances and delinquencies, and the effect on loan performance in Rural America. Read the complete research.

Manufactured Housing Opportunities for Growth

Check out this toolkit for the latest insights on the potential for manufactured housing to increase affordable housing supply.

Manufactured Home Training Webinar

Learn about what is a manufactured home and the requirements for mortgages secured by one. We will cover the property, appraisal, and title requirements, as well as the value used to determine the LTV/TLTV/HTLTV ratios for different transaction types.

Mortgages Secured by Manufactured Homes Tutorial

Provides the requirements for selling manufactured home mortgages to Freddie Mac, including these topics: Eligible Mortgages, Transactions and Underwriting Requirements, and Title Requirements.

Fireside Chat: Manufactured Homes Bolster Affordable Housing Options

Watch Dennis Smith, Freddie Mac affordable lending manager, discuss benefits of manufactured housing and financing options, opportunities in the manufactured housing market and more.

ADUs Offer Promise as a Viable Affordable Housing Supply Solution

Addressing affordable housing challenges is top of mind for the industry. See how carriage houses or “granny flats” can provide more options and greater flexibility for homeowners and renters.

Manufactured Housing is Big in Japan—Can Their Cool, Hip Take Work in the U.S.?

Thanks to their design, technology, energy-efficiency and marketing, manufactured homes in Japan have long been considered superior to site-built homes. Can this take work in the U.S.?

Manufactured Homeowners: Survey and Report on Loan Shopping Experiences

Read more about the manufactured housing market and the loan shopping experience of manufactured homeowners.

Insights into Manufactured Housing Loan Performance: A Decade In Review

In this report, we offer insights into the performance of loans on factory-built homes from the National Mortgage Database (NMDB).

Next-Gen Manufactured Housing Requires a New Appraisal Approach

The shortage of affordable homes continues to lock out many potential homebuyers; modern manufactured housing and appraisers may hold a vital key.

Manufactured Housing Underserved Markets Plan

The Duty to Serve Plan details the 4-year activities and objectives for underserved markets (By Evaluation Area and Year)

Manufactured Homes Underwriting Reminders

Use this quick reference to help determine if the requirements for sale of a Mortgage secured by a Manufactured Home (MH) to Freddie Mac are met.

Manufactured Housing Titling Fact Sheet

Read about our requirements for converting a manufactured home’s title from personal property to real property.

Single Close Construction Conversion Loan (Video)

Finance your manufactured home with a simple single-close loan.

Home Possible

The Freddie Mac Home Possible® mortgage offers more options and credit flexibilities than ever before to help your very low-to low-income borrowers attain the dream of owning a home with a down payment as low as 3%.

Borrower Journey Map

The demand for quality, affordable housing has never been greater – manufactured homes are a viable option to help fill that need.

CHOICEHome® Mortgages Overview

The Duty to Serve Plan details the 4-year activities and objectives for underserved markets (By Evaluation Area and Year)

Real Property Manufactured Housing

Freddie Mac requirements for manufactured homes are designed so that the mortgages we purchase are originated, underwritten, and serviced to help borrowers buy homes they can afford and maintain.