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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.

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