MH Advantage™ Loan Submissions Must Include Fannie Mae Sticker
Lenders seeking MH Advantage 97% LTV conventional financing from CalHFA on manufactured homes must validate their claims of MH Advantage eligibility, or risk the home purchase falling out of escrow. Appraisals of eligible manufactured homes will contain a photo of Fannie Mae’s MH Advantage Sticker as defined in theMH Advantage™ Appraisal requirements. MH Advantage appraisals submitted to CalHFA without the MH Advantage Sticker will immediately be suspended by CalHFA.
Manufactured home appraisals submitted to CalHFA for 97% LTV conventional financing without the MH Advantage Sticker will immediately be suspended by CalHFA. For all Fannie Mae MH Advantage™ eligibility requirements including all mandatory property characteristics, please refer to Fannie Mae’s Selling Guide B2-3-02.