Inspection FHA Engineer’s Form and Certification

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With the growing popularity Reverse Mortgage loan product for those homeowners 62 and older, loan processors are dealing more and more manufactured homes in their portfolios. Many seniors have chosen a manufactured home communities as retirement haven and community and recreational atmosphere lend itself well to word-of-mouth referrals and spreading news about FHA and Reverse Mortgage Loans benefits. However, the manufactured home loan presents a new set of criteria for the loan officer and loan processor as well as the borrower so be prepared in advance. Certain requirements are absolutes

1. The production will be a HUD home, which means it must be produced by 15 June 1976. If there are metal plates at the rear of the home that begin with three letters as CAL, arz, ore, there is usually a good sign. If HUD label is missing, usually signal verification code letter from the Institute for Building Technology and Safety (IBTS) which will give the origin of the home will suffice. 2. Manufactured homes and FHA insured loans is classified and taxed as real estate. Lease may also be acceptable in certain cases. 3 axles and tongue must be removed. 4. manufactured home must have adequate perimeter fence with proper ventilation. 5. Must have a floor area of ​​not less than 400 square feet 6. Built and remains fixed chassis 7. Close grade increase the manufactured home must be at or above the 100 year return frequency flood height. 8. The home will sit on a permanent foundation.

and all the basic system, new and existing, must meet the guidelines published in the Permanent Foundations HUD Guide to Manufactured Housing (HUD-7584), dated September 1996. A certification attesting to compliance with this handbook must be obtained from a licensed professional engineer and the insuring file.

This last requirement may cast a loan processor in a pinch if they have a record pace manufactured home business before that this request will often meet on 11 hour loan closing. Nine times out of ten the assessment report will show that the home is the basic system so the processor or loan officer will not have alarm bells off pangs go away when they get this situation. Unfortunately, the appraiser often simply determines “permanence” strictly on the basis that the tires and axles have been removed or some other vague set of standards, not on the basis of basic attachments.

The reason for this requirement is to establish a national standard of consistency in inconsistent state insertion. While Manufactured Homes standard see the structure, plumbing, and electrical standards that must be met before leaving the factory, different installation standards from county to county, state to state. In addition, manufactured home unique in that they can either be called either personal property (real estate purchases) or property. In some countries, the distinction between personal and real property determined by the type of foundation and foundations that support the home. Since individual jurisdiction requirements vary significantly, Engineer Certification Letter helps to provide a standard for excellence. This is usually the underwriting criteria for all FHA loans, which also include Reverse Mortgages.

If your current home is already on the foundation, engineers can provide certification stating that the home meets the guidelines. If it does not meet the HUD guidelines, there are a variety of private or approved engineered foundation Retrofitting systems co-existing structural components. As in any industry, one size does not fit all in engineering and landscape engineers who specialize in manufactured home industry and HUD inspection specifications are even rarer still. Because there are a vast array of products that have been imported into the domestic market, knowledge about these systems is also an additional benefit since these have all been pre-engineered and stamped define all information systems. This also means that if the foundation does not meet FHA-insured conditions for a permanent establishment, the engineer does not need to re-invent the wheel with a repair recommendation — there are a plethora of products available to retrofit contractors. Therefore, finding the right combination of engineer and contractor industry team that understands the FHA lending process so that engineering certification does not reduce loan lock time line, is aware of the availability of a system that can resolve repair issues if they are necessary and can cooperate with both the lender and borrower to provide turn-key solutions.

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