Must the appraiser use Manufactured Homes as comparable sales when appraising a manufactured home?

The Appraiser must include a sufficient number of sales to produce a credible value.  At least two of the comparable sales properties must be Manufactured Housing. 

Instructions detailing specific requirements for reporting the results of the appraisal are found in the FHA Single Family Housing Appraisal Report and Data Delivery Guide at https://www.hud.gov/program_offices/housing/sfh/handbook_references

For additional information see Handbook 4000.1 II.D.5.k. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-05020