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 ...

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 ...

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 ...

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 ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Citibank offers home buyers competitive rates and a streamlined experience for a full menu of loan options, including ...

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

Self-employed borrowers need additional documentation, such as bank statements or tax returns, to prove income stability.