Oklahoma Mortgage Group - Mike David

  Manufactured housing plays an important role in Oklahoma, particularly for buyers seeking affordability or purchasing in rural communities. One long-standing obstacle has been financing a manufactured home that was moved after its original installation. Beginning September 9, updated Freddie Mac guidance may create a financing path for some of these properties. Under the updated requirements, an eligible manufactured home moved from another site must be inspected by a licensed professional engineer or another appropriate authority to verify its structural integrity. The home also cannot be placed in an area with more restrictive wind, roof-load, or thermal-zone requirements than the zone for which it was constructed. That is a meaningful change—but it is not blanket approval for every relocated home. Buyers and Realtors must still consider: HUD certification labels and construction records The home’s movement and installation history Foundation requirements Real-property classifi...

A condo can offer the right location, maintenance arrangement or price point for a buyer. It also comes with a financing question that does not arise in exactly the same way with every detached home: is the condominium project eligible for the intended loan? Fannie Mae published project-standards updates in Lender Letter LL-2026-03 on March 18, 2026. For Fannie Mae loan applications dated on or after Aug. 3, 2026, the Limited Review process has been retired. Depending on the facts, an established project may need a Full Review or may qualify for a Waiver of Project Review. Fannie Mae also updated policies involving project reserves and financial health. This does not mean every condo purchase will be delayed or denied. It does mean buyers, sellers, Realtors and association contacts can help by starting the documentation conversation early. Here are several items a lender may need to evaluate, depending on the program and transaction: • condominium association budget and reserve informa...