FHA Loan Question

Categories: Mortgage

Has anyone RECENTLY closed on a multifamily house with an FHA loan? Was the amount you could borrow limited by your anticipated rental income? (ie total monthly payment has to be no greater than 85% of your rental income?) I’ve spoken to numerous mortgage brokers who have given me slightly different stories on current FHA requirements.

By jdlcnm | 10/06/2009 11:22 PM