FHA Title I is not the same loan as an FHA 203(b) mortgage.
Title I is a separate FHA insurance authority that includes manufactured-home financing and property-improvement lending. Its collateral, loan limits, terms and lender availability differ from standard Title II FHA mortgages.
Manufactured homes and lots
Title I can insure eligible financing for a manufactured home, a manufactured-home lot, or a home-and-lot combination under current HUD parameters.
Leased lots
Unlike a standard Title II real-property mortgage, HUD permits qualifying Title I manufactured homes on leased lots. Current HUD consumer guidance includes lease protections such as the required initial lease term and advance termination notice.
Property Improvement Loans
Title I also includes FHA insurance for qualifying property-improvement loans. This is different from 203(k), which finances rehabilitation through an FHA mortgage on the property.
Official program sources
Primary sources are HUD/FHA program pages and Handbook 4000.1. Program availability and lender participation can be narrower than statutory eligibility, so a program's existence does not mean every FHA lender offers it.