Only manufactured homes built after June 15, 1976 will bear that seal. Manufactured homes built before that date are ineligible for Section 184 financing.
The home must be classified and taxed as real estate (as applicable).
The mortgage must cover both the manufactured unit and its site, or the appropriate lease documents must be in place. The mortgage must have a term of no more than 30 years from the date amortization begins.
The manufactured home must not have been installed or occupied previously at any other site or location.
The finished grade elevation beneath the manufactured home or, if a basement is used, the lowest exterior grade adjacent to the perimeter enclosure, must be at or above the 100-year return frequency flood elevation.
The house must be permanently attached to the foundation system. Existing homes must be attached to the foundation system by either cable or rebar welded to the frame rail or similar fashion. The unit must be anchored to the footing (or pier).
The axles and tongue must be removed from the unit. The chassis must stay in place.
The house must have adequate skirting and insulation around the perimeter to prevent the crawl space area from freezing and allow proper ventilation of the crawl space. If the skirting is wood, the wood must be properly treated to prevent decay.
Often homes installed years ago do not have foundations that meet the current requirements. These homes must be retrofitted which can cost $3,000 to $6,000 depending on the home.
Other property elements that may need repairs or upgrades to qualify are roofing, rotted trim or siding, and flooring.