Factory Built Housing New Construction and One-Time Close Loans
**FHA Guidelines for Manufactured Housing as a Permanent Residence**
Manufactured homes must meet specific FHA requirements to qualify for financing. These include:
– **Permanent Foundation**: The home must be placed on a permanent foundation that complies with HUD’s *Permanent Foundations Guide for Manufactured Housing
– **HUD Certification Label**: The home must have a HUD certification label verifying compliance with federal safety and construction standards
– **Primary Residence**: The home must be occupied as at least one borrower’s primary residence.
– **Utilities & Site Requirements**: The site must have permanent water and sewer facilities, an all-weather roadway, and be taxed as real estate.
# **FHA Families Helping Families Program (FHAFHF)**
### **An Affordable Homeownership Solution for Multi-Generational Families**
At **Non-Profit Construction Corporation**, we believe that homeownership should be both **achievable and sustainable**—especially for multi-generational families. That’s why we’ve developed the **FHA Families Helping Families (FHAFHF) Program**, an innovative homeownership pathway that makes affordable housing possible through shared equity and smart planning.
## **How It Works**
The FHAFHF program places **two manufactured homes** on a single property:
– **Primary Home** – Permitted as the main residence.
– **Accessory Dwelling Unit (ADU)** – A second home on the property, permitted as an ADU.
While one family typically resides in the primary home (often the larger household), both families are **tenants in common**, meaning they **share ownership** of the entire property. This **co-ownership model** creates a unique pathway to homeownership while reducing costs and promoting financial stability.
## **Lower Costs Through Smart Infrastructure Planning**
Unlike adding an ADU or secondary home later—often requiring **additional permits, infrastructure, and higher construction costs**—our program **incorporates both homes from the start**. This **early planning** significantly **reduces expenses**, as the land, utilities, and overall infrastructure are **structured for the footprint of both homes**, eliminating the need for costly retrofitting or expansion.
## **Key Benefits of the FHAFHF Program**
✅ **Affordable Homeownership** – Families who may struggle to afford homeownership independently can **join forces to make it possible**.
✅ **Lower Cost of Living** – Shared ownership leads to **lower mortgage payments**, often making costs more affordable than renting a single home.
✅ **Reduced Infrastructure Costs** – Building both homes **from the start** cuts down on future construction expenses.
✅ **Multi-Generational Support** – Families can assist each other with **childcare, household expenses, and day-to-day living**.
✅ **Equity Building** – Both families can **grow their investment** over time, benefiting from property appreciation.
✅ **Community & Stability** – Homeownership fosters **long-term security** and strengthens family bonds.
## **FHA One-Time Close Construction Loan Benefits**
We utilize the **FHA All-in-One Close Construction Loan**, which provides several advantages:
✔️ **Single Loan Process** – Combines **land purchase, construction, and permanent financing** into one loan, eliminating the need for multiple approvals.
✔️ **Lower Down Payment** – FHA loans require **smaller down payments**, making them more accessible for first-time homeowners.
✔️ **Competitive Interest Rates** – FHA-backed loans offer **stable financing options** with reasonable interest rates.
✔️ **Flexible Credit Requirements** – More **forgiving credit qualifications** compared to traditional loans.
✔️ **Simplified Construction Process** – No need to refinance after construction is complete, **reducing financial stress**.
## **Is This the Right Program for You?**
If you think the **FHAFHF program** could be the **perfect homeownership opportunity for your family**, we’d love to help! **Visit our contact form and select this program** to start your journey toward affordable, multi-generational homeownership.
