| Introduction to Manufactured Housing will familiarize you with today’s modern, manufactured home.
This course explores the differences between HUD-Code manufactured homes, other factory-built structures, and traditional site-built homes. The course highlights the reasons manufactured homes are in increasing demand by homebuyers and traditional developers of site-built homes. The course covers the mortgage lending programs available for manufactured homes and their buyers.
Course Outline:
Lesson 1 - The History of Manufactured Housing
- Post-World War I Era
- World War II Era
- The Beginning of the "Mobile Home" Era
- The Beginning of the Manufactured Housing Era
- Today's Manufactured Housing
Lesson 2 - Factory-Built Housing
- Types of Factory-Built Housing
- The HUD Code
- The Affordability Factor
Lesson 3 - The HUD-Code Home Enforcement System
- The HUD Enforcement System
- Inspection
- Certification
Lesson 4 - Placement, Sales, and Acceptability of Manufactured Homes
- Where Are Manufactured Homes Placed?
- Impact on Property Values
- Impact on Community Services
- Design Innovations in Manufactured Housing
- Who Lives in Manufactured Housing?
Lesson 5 - Financing Manufactured Homes
- Personal Property Manufactured Home Financing
- Traditional Mortgage Loans for Today's Manufactured Home
- Freddie Mac
- Fannie Mae
- FHA Title II Financing
- VA and Rural Housing Service
Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Residential Underwriter (CRU Level II) Professional Certificate. |