If you are looking to get your manufactured home financed with an FHA loan you will need an affidavit of affixture properly recorded.
An affidavit of affixture is a recorded legal document that certifies the manufactured home is permanently affixted to the land. This makes it “real property” which is required if you’re looking to get the manufactured home financed with an FHA loan.
If you’re not sure if the affidavit has already be certified by the state of Michigan you can check here. You’ll need the serial number of the manufactured home and the last name of the primary owner. Those can be found on the title.
If you cannot find the title, you can request one from secretary of state.
Here is the process of getting the affidavit of affixture recorded so that it can be eligible for FHA financing:
Important: If you have the affidavit recorded with the county prior to having the state certify it, the affidavit is not valid. It must be certified by the state prior to being recorded.
If you’re looking to get residential financing (like an FHA loan) the home has to be considered “real property”.
Manufactured homes (mobile homes) must be permanently affixed to the land in order to be considered “real property”.
If the home is not permanently affixed to the land, the home is treated as “mobile” and looked at as a vehicle with separate title from the land.
The affidavit of affixture combines the land and the home as one. So the land and home are permanently tied together on title.
If the affidavit is not recorded there are two separate titles: 1 title for the land, and 1 title for the manufactured home.
When getting an FHA mortgage, the lender will require the title company to issue an ALTA 7 title policy. This is further confirmation that the home is permanently affixed to the land.
Without the ALTA 7 endorsement from the title company, the home will not meet HUD (FHA) guidelines requirements, and cannot close.
By getting the affidavit recorded properly, you open up more favorable financing options available.
Mobile home loans are not the same as residential mortgages, unless your home is permanently affixed to the land and considered “real property”
When it’s considered real property you can be eligible for:
Getting the affidavit of affixture recorded on a manufactured home is crucial and beneficial. If you follow the steps provided above you’ll be setting yourself up for success.