FHA mortgages account fully for almost one in four mortgages that are closed. Getting one, however, is tougher for borrowers вЂњon the marginвЂќ than it was previously.
The Federal Housing management (FHA) changed its home loan tips, impacting just exactly how loan providers underwrite and approve FHA-insured loans.
The FHA tightened its earnings verification for self-employed and part-time employees. and changed the methods it treats specific debts, including student education loans and charge card balances. Keep reading