Chapter
1
Appraisal
and Property Requirements Unique Properties
Page 1-17e
See
HUD
Handbook 4150.1 REV-1, Section 12-6 for instructions.
1.
This procedure applies only to stick built homes:
Manufactured homes (mobile homes) are not eligible for
FHA Insurance if they have moved. The only movement acceptable
for manufactured homes is from the factory to the dealer and then
to the site. Once there it must remain. It may be jacked up to
have a permanent foundation installed. (See the section on Manufactured
Housing.)
2.
Homes moved without prior approval:
A house which has been moved to a new foundation without prior
HUD approval is to be treated in the same manner as proposed construction.
That is, if it has been on the new foundation for less than one
year, it would be eligible for only a low ratio loan; if it has
been on the new foundation for more than a year, it should be
treated as any other existing construction over a year old and
be eligible for a high ratio loan.
If a house, covered by HUD insurance, is moved without prior approval,
whether emergency or non-emergency, the move is made at the risk
of the mortgagee. Any damage which may occur to the house during
the move will be the responsibility of the mortgagee.
The 203(k) program is available to assist an applicant to move
a house.
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