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Posted by on Sep 7, 2020 in | 0 comments

FHA Money & Debt Rules Affect Approvals

FHA Modifications Its Home Loan Instructions

FHA mortgages account fully for almost one in four shut mortgages nationwide. Getting one, however, is tougher for borrowers “on the margin” than it used to be.

The Federal Housing Administration (FHA) changed its home loan directions, impacting just how loan providers underwrite and approve FHA-insured loans.

The FHA tightened its income verification for self-employed and workers that are part-time.

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