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 ...

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 ...

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 ...

When comparing FHA and VA loans, the biggest differences come down to who qualifies and what you pay. An FHA loan is a ...

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 U.S. Department of Housing & Urban Development (HUD) has announced updated loan limits for calendar year 2026 under the ...

FHA loans are a great option for borrowers with little saved for a down payment or less-than-perfect credit, since they only require 3.5% down with a 580 FICO Score. (If you put at least 10% down, you ...

Income is leveraged by increasing the debt-to-income ratio and, increasing the loan term. While the Federal Reserve is responsible for lowering interest rates, FHA's underwriting policies turn low ...

Jennifer Nelson writes about all things money--personal finance, investing, saving, credit cards and insurance for numerous publications including AARP, Next Avenue, Credit Karma, Real SImple, Citi ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Low down payments and low credit score requirements make Federal Housing Administration ...