Some of the requirements set by the Federal Housing Administration (FHA) to qualify for their home loans—favorable credit score, minimum down payment, and low debt-to-income (DTI) ratio—may not ...

FHA loans offer flexibility to borrowers with low credit scores and limited funds for a home down payment. But there’s one area where FHA lenders can’t be flexible: the appraisal. Any property that’s ...

Britney Crawford, James Wright Jr. On May 1, 2024, the Federal Housing Administration (FHA) issued Mortgagee Letter (ML) 2024-07 titled “Appraisal Review and Reconsideration of Value Updates,” which ...

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 ...

FHA guidelines generally allow a DTI ratio up to 43%. But if you have a strong credit score and meet other requirements, lenders may allow a DTI ratio of up to 50% on an FHA loan.

Here's some encouraging news for condominium unit owners, sellers and buyers: The biggest source of funding for low-down-payment condo mortgages, the Federal Housing Administration, has revamped ...

New rules from the U.S. Department of Housing and Urban Development (HUD) mean non-permanent U.S. residents no longer qualify for government-backed FHA mortgages. HUD’s secretary confirmed the change ...

The US government has stopped insuring FHA mortgages for non-permanent residents, including H-1B visa holders, effective May ...

New FHA mortgages to non-permanent U.S. residents have plunged to near zero after the Trump administration barred H-1B visa holders from FHA-insured home loans.

The share of FHA loans going to non-permanent residents dropped to near-zero after the Trump administration's ban came into force.

WASHINGTON - The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program. Starting Aug. 1, the ...

Federal Housing Administration (FHA) loans are a popular choice for first-time homebuyers and other borrowers who, for a variety of reasons, may have a hard time qualifying for a conventional home ...