Generally in the mortgage industry, eligibility and underwriting guidelines for manufactured housing are more restrictive than for site-built housing. Fannie Mae’s MH Select Initiative offers more financing flexibility for high-quality manufactured housing for which manufacturers and dealer/retailers commit to specific design and service standards. In recognition of the high design standards and value appreciation that is projected to be on par with site-built housing, MH Select financing offers more favorable terms for the borrower than standard manufactured housing finance, and offers an opportunity for lenders to serve more borrowers.