Estimated reading time: 0 minutes, 25 seconds

FHA Eyes Changes for Accessory Dwelling Units

Sunday, Apr 16 2023
Lending
Written by  The Mortgage Leader

The Federal Housing Administration has proposed updates to its guidelines with the aim of making it easier to build or buy a home with an accessory dwelling unit. So reports the Los Angeles Times.

Federal Housing AdministrationUnder the proposal, lenders could start considering future rental income when determining a borrower’s eligibility for a renovation loan.

FHA Commissioner Julia R. Gordon said the proposal is intended to expand the housing supply and help more people generate property income.

Read the full article from Los Angeles Times.

Read 504 times
Rate this item
(0 votes)
More in this category: « UWM Disputes Report of Hostile Culture Bodnar of MMG: Bad News Stems the Rate Rise »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline