Below are are the new FHA Updates:
1.The borrower must meet standard FHA credit qualifications (there’s no
set credit score barometer, but a borrower’s debt-to-income ratio is
heavily considered).
The borrower is able to finance the upfront mortgage insurance premium
into the loan. The borrower will be responsible for paying an annual
premium.
The FHA mortgage requires a low 3.5-percent down payment, [...]
