First-time homebuyers might be able to afford a better house under the new guidelines. The federal government is hoping to boost first-time homeowners by allowing them to count potential rental income ...
The National Reverse Mortgage Lenders Association (NRMLA) submitted comments to the Federal Housing Administration (FHA) in support of its draft Mortgagee Letter (ML) that would allow accessory ...
The proposed changes reduce acceptable rental income history from two years to 12 months, among other expansions of FHA guidelines Today, the Federal Housing Administration (FHA) posted a draft ...
HUD's new policy targets affordable housing crisis, amplifying homeownership opportunities in dense urban areas. The Federal Housing Administration (FHA) under the U.S. Department of Housing and Urban ...
The Federal Housing Administration (FHA) on Monday published Mortgagee Letter (ML) 2023-17, which establishes guidelines for consideration of rental income in underwriting forward mortgages and ...