Wells Fargo Multifamily Capital specializes in financing Manufactured Home Communities (“MHC”), offering Fannie Mae, conduit, portfolio, and correspondent lending programs. Since 2000, Wells Fargo has originated more than $4.7 billion in financing within the MHC sector.
Fannie Mae Manufactured Housing Community Program
As the first fully approved Fannie Mae Delegated Underwriter and Servicer (DUSTM), Wells Fargo has delegated responsibility for originating, underwriting, closing, and delivering multifamily mortgages to Fannie Mae. As a DUS lender we are able to act quickly and be flexible in structuring transactions.
Get additional details on financing manufactured home communities in the Wells Fargo Loan Program Factsheet (PDF*).
For formal loan quote requirements, see the Manufactured Home Community questionnaire (PDF*).
Manufactured Home Community Financing Handbook
Wells Fargo has also compiled a comprehensive handbook to help borrowers secure advantageous financing in the MHC sector.
To get additional insights and perspectives, here are a few of our key articles:
- Fannie Mae MHC Lending: An Overview (PDF*)
- Preparing Your Manufactured Home Community for Financing (PDF*)
- Conduit Loan Servicing (PDF*)
- Defeasance: An Overview (PDF*)
- Understanding Ground Leases (PDF*)
- 1031 Exchange Guidelines & Timelines (PDF*)
Lending and Origination Leader
Wells Fargo was named Community Lender of the Year five years in a row (2007 - 2011) by the Manufactured Housing Institute. Since 2000, we have also been ranked #1 in total loan volume origination, per the George Allen National Registry of Land-Lease Community Lenders.
For more information on how Wells Fargo can help you finance manufactured home communities, contact one of our multifamily specialists, or contact us.
* You need Adobe® Reader® to read PDF files. Download Adobe Reader for free.