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 ...

Valicia is an accomplished author and a Junior Copywriter at Uncanny Content. She believes that words can help create a better world, which is why she helps impact-driven businesses increase their ...

AMI varies based on family size and location: A family of four in Yazoo City, Mississippi, can earn up to $37,600 (80% of Yazoo City's AMI) and still be considered low income. In New York City, ...

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 ...