How To Look At A House
McGarry and Madsen's home inspection blog for buyers of
site-built, mobile/manfuactured and modular homes
What is a second set mobile/manufactured home
Saturday, June 16, 2018
“Second set” is an industry term for a mobile home that has been moved from the original site where it was set when delivered new from the dealer. The significance of a second set home is that it is not eligible for FHA, VA, USDA, or other conventional financing—although some private lenders will accept a second set home.
This is how the exception for federal mortgage insurance of a relocated mobile home is stated by HUD: “Manufactured units may be moved only from the manufacturer’s or dealer’s lot to the site on which the unit will be insured. The manufactured unit must not have been installed or occupied previously at any other site or location.” It is also a factor that will affect the value of a used mobile home.
See our blog posts How do I find out if a manufactured/mobile home has been moved from its original location? and What is the age limit for moving a mobile home? and Can you move an older mobile home in Florida? to learn more.
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