manufactured homes: 95% LTV/105% CLTV on fannie mae loans
CHFA can now offer a combined loan-to-value (CLTV) ratio of 105 percent on Fannie Mae conventional loans for the purchase of a manufactured home. The loan-to-value (LTV) ratio remains at 95
Lenders must input “HFA Preferred” for CHFA Preferredsm loans and “HFA Preferred Risk Sharing” for CHFA Advantagesm loans in the Community Lending section of Desktop Underwriter® (DU®) to get the proper findings and result.
Refer to the CHFA Preferred and CHFA Advantage
matrices for more information.
Please be aware that single-wide manufactured homes must be located in a Fannie Mae approved project and a Project Eligibility Review Service (PERS) project approval is required. Freddie Mac does not allow for the purchase of manufactured homes.
*Should a manufactured home meet the Fannie Mae MH Advantage eligibility guidelines, the LTV may be 97 percent. Please refer to
Fannie Mae Selling Guide B5-2 for further information.
Please contact us with any questions or for more information.