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    Appraisal of Manufactured Homes

    Register
    Date
    On Demand
    Location
    Sponsor
    Appraisal Institute
    Instructor
    Kenneth G. Foltz, MAI, SRA
    Class Time
    7.5 Hours
    Exam Time
    1 Hour
    Full Price
    $145.00
    AI Price
    $120.00
    Course Description

     

    This course, developed in collaboration with Freddie Mac, provides an in-depth look into preparing appraisals for traditional manufactured homes plus insight into CHOICEHomeSM—the new type of high-quality manufactured homes that are built to HUD code but developed with site-built features. You’ll learn how to meet the specific requirements of Freddie Mac, the Federal Housing Authority (FHA), Veteran’s Administration (VA), United States Department of Agriculture (USDA) and Fannie Mae using a new, ground-breaking tool—the Manufactured Home Quality Rating Worksheet – which is consistent with the Marshall & Swift®—CoreLogic Residential Cost Handbook and the Uniform Appraisal Dataset (UAD).
     

    Who Should Enroll
    Residential appraisers and reviewers who are currently working in the secondary market lending space: appraisals for loans that are ultimately purchased by Freddie Mac, FHA, VA, USDA, or Fannie Mae
    AI CE Points
    Attend:
    35
    Attend & Pass Exam:
    40
    Pass Only:
    5
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 8.5 7.5 1 Online Online 02/17/2021 02/11/2024 18155
    AR CE 7.5 7.5 Online Online 12/15/2022 12/10/2024
    AR CE 8.5 7.5 1 Online Online 12/15/2022 12/10/2024
    AZ CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    CA CE 7 7 Online Online 11/13/2020 11/12/2024 20CP754601452
    DE CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    IL CE 7 7 Online Online 01/28/2021 12/31/2024 575.010460
    IN CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    MD CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    ME CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    MN CE 8.5 7.5 1 Online Online 12/10/2020 12/31/2024 1030702
    NC CE 7.5 7.5 Online Online 01/01/2023 12/31/2023
    NE CE 7.5 7.5 Online Online 11/06/2020 11/06/2025 2202444.02
    NJ CE 8.5 7.5 1 Online Online 11/18/2020 2020-3321
    NJ CE 7.5 7.5 Online Online 11/18/2020 2020-3321
    NY CE 8.5 7.5 1 Online Online 01/01/2023 12/31/2023 A5223-8.5
    OH CE 7.5 7.5 Online Online 01/01/2023 12/31/2023 923301503A 22
    PR CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    SC CE 8.5 7.5 1 Online Online 09/01/2022 08/31/2024 DE1925
    VA CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    VT CE 7.5 7.5 Online Online 10/27/2020 10/27/2024 CA-6651
    VT CE 8.5 7.5 1 Online Online 10/27/2020 10/27/2024
    WI CE 8.5 7.5 1 Online Online 10/14/2023 10/13/2026 75721
    Course Objectives
    • Identify the multiple types of factory-built housing including manufactured home, Next Generation manufactured home, modular home, and panelized home.
    • Recognize the distinctive construction qualities of manufactured homes and how they differ from site-built homes.
    • Understand the specific secondary market appraisal requirements of Freddie Mac, FHA, USDA, VA, and Fannie Mae.
    • Understand proper data collection techniques for manufactured housing.
    • Develop an overall quality rating for manufactured homes using the Manufactured Home Quality Rating Worksheet.
    • Report accurate results of a manufactured housing appraisal on a Freddie Mac Form 70B (FNMA form 1004C).
    • Develop the cost approach for both a manufactured home and a Next Generation manufactured home using the Marshall & Swift®—CoreLogic Residential Cost Handbook.
    • Use the sales comparison approach for a manufactured home appraisal and apply new techniques when appraising a Next Generation manufactured home.
    Course Details
    Prerequisites
    • Licensed and Certified Residential or Certified General
    • Working knowledge of the Marshall & Swift®—CoreLogic Residential Cost Handbook
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $145.00 $120.00
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