FHA Loan Qualification Update for 2024 - First Time Home Buyer 2024

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In this episode, I  break down the FHA's new policy and how it empowers you to use rental income from an accessory dwelling unit (ADU) as part of your qualification for a property. This is a groundbreaking shift for many aspiring homeowners and I'm here to guide you through it.

I also get into the specifics of this new policy and show you exactly how that can work. Plus, we explore the FHA 203K loan - a unique type of home financing that merges mortgage and home renovation costs into a single loan.

Check out the episode about the Fannie Mae 5% Down Program here.

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