For more information for this approval process, please see Handbook 4150.1 Chapter 11. Appraisal form 1073 should be used for these properties. Manufactured Homes are built entirely in a factory under the federal building code administered by the Department of Housing and Urban Development (HUD). Condominium Conversion Project. All manufactured homes located in “condominium” resident owned complexes must be approved by HUD’s Review and Approval (HRAP) process. The manufactured home has its’ own form called the Manufactured Home Appraisal Report (Form 1004C). *NOTE- Flood insurance is still required regardless if property is above the 100 year Flood plain. A LOMA/LOMR or elevation certification showing finished grade elevation below the manufactured home is at or above the established 100 year flood plain will need to be provided. If the Home is in a Flood Zone. The finished grade elevation beneath the manufactured home, or if a basement is used, the lowest finished exterior grade adjacent to the perimeter enclosure, shall be at or above the 100 year return frequency flood elevation. Also Title should provide the manufactured home endorsement applicable to subject property’s state: CLTA 116.5, ALTA 7, FL 7, TX T-31. The manufactured home must be taxed as real property. For assistance in obtaining information for a request of label verification, you can contact Without a HUD Label, an acceptable alternative is a Label Verification from IBTS. For new manufactured homes not yet attached to. Checklist of items to provide appraisers. If the home is a multi-wide unit, each unit must have a label. B4-1.4-01, Manufactured Housing Appraisal Requirements and Standards. All HUD Labels (Tags) are indicated. All manufactured homes must have an affixed HUD label (tag) located on the outside of the home. Manufactured units may be moved only from the manufacturer’s or dealer’s lot to the site on which the unit will be insured.
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