Jo Ann Meyer Stratton
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Arizona
With Fannie Mae's Announcement 03-06 loans on "on frame" modulars are not eligible for purchase by Fannie Mae. They are still eligible for Freddie Mac, VA and FHA--but "on frame" modulars are a no no for Fannie Mae. Off frame modulars are acceptable by almost everybody and considered to be handled the same as site built.