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NMLS#: 53185

Reverse Mortgage for a Manufactured Home

Manufactured Home

   Today many seniors are finding ways to reduce living expenses and preserve retirement savings. This has lead to an increase in the popularity of Home Equity Conversion Mortgages also known as Reverse Mortgages on all properties including Manufactured Homes that qualify. 

     Certain manufactured homes will qualify as a eligible property for a reverse mortgage. The manufactured home must be approved by the Department of Housing and Urban Development (HUD) and meet Federal Housing Administration (FHA) requirements. The following list contains guidelines for Manufactured homes.

General Manufactured Home Requirements

  • Be taxed as real property.
  • Must be a double wide or larger.
  • Have a floor area of at least 400 square feet.
  • Must have been moved directly to the site from the factory or dealer
  • Built and remain on a permanent chassis
  • Have axles and tongue removed
  • Have permanent utilities installed
  • Meet county and HUD requirements for any additions
  • Not be located in a flood zone, wholly or part (see Flood Zone for additional information)
  • Have permanent skirting around the perimeter and allow for proper ventilation of the crawl space attached to backing made of concrete, masonry, treated wood or a product with similar strength and durability
  • Have an affixed HUD Certification label (HUD seal or HUD tag) located at one end of each section of the house on a permanent part of the exterior of the house as practicable

To find out more about getting a reverse mortgage on a manufactured home, call (561) 203-6772 to speak with a professional.

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