Freddie Mac Requires Site-Built Comps for Hybrid Manufactured Home Appraisals
Freddie Mac tightened appraisal rules for hybrid manufactured homes and project review rules for some condo refinances, while easing several other guidelines.
Key facts
- Freddie Mac now requires site-built houses as appraisal comparables for hybrid manufactured home loans when no similar properties are nearby.
- No-cash-out condo refinances for low and moderate income borrowers are not exempt from project reviews unless they meet the standard exemption criteria.
- For these refinances, buildings with 11 units or more must meet critical report and evacuation order review requirements.
- Freddie Mac eased interested party contribution rules for certain gifts from a related person, such as a blood relative.
- Floor plans in 2-4 family appraisal reports are now required only when the layout is atypical or functionally obsolete.
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Read the original at National Mortgage News (opens in a new tab)
Source: Freddie Mac tightens condo and manufactured home loan rules — National Mortgage News, July 2, 2026. Summary and commentary by RISE Community; read the full story at the source.
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