Information for Single-Family Lending and Real Estate Professionals
Program Announcement

March 31, 2021
Manufactured Homes-Home Advantage FHA & USDA

Dear Lending Professionals,

Good news and its not April Fools!!

The Commission is pleased to announce the minimum FICO score will be changing from 660 to 640 for Manufactured Home reservations made on and after April 1, 2021 on the Home Advantage FHA and USDA loan programs.

All other terms and conditions still apply:

Double-wide or larger

Manual underwrite not permitted (with the exception of the USDA Existing Manufactured home pilot program)

Leaseholds and Community Land Trusts are ineligible.

Approve/Eligible findings only.

Please see Section 2 of the Home Advantage manual for complete details. The applicable matrices have been updated.

Questions? Email Corinna Obar


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