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MH Advantage® FAQ with Fannie Mae MHInsider and Fannie Mae collaborated on some frequently asked questions with the MH Advantage® financing program and qualifying homes. From the program’s basics to how appraisal work is managed, Fannie Mae’s Starla Sand, a national evaluation analyst, provided the answers for our FAQ on MH Advantage financing.
»1. What is MH Advantage? MH Advantage is an innovative homeownership option that pairs affordable mortgage financing with specially designed manufactured housing. Think of MH Advantage qualifying homes as a cross between a traditional manufactured home
and a site-built home, designed to be indistinguishable from site-built houses from the exterior view (that is, designed with characteristics typical of site-built homes). You may have heard the term CrossModTM referring to these new modern manufactured homes, and while not all
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CrossMod homes are eligible for MH Advantage financing, many features of the two are consistent. Exterior features of manufactured homes that qualify for MH Advantage include higher pitch rooflines, larger eaves, and lower-prof ile foundations typically not found
