FHA Self-Sufficiency Provision

[Francisco Feliz]

Hi everyone,

Is anyone familiar with the self-sufficiency test on FHAs with respect to buying a multi-family? I was told that it's a recent-ish provision that has made several FHA loans fall through. Apparently, 75% of "market rents" for the property needs to be greater than the PITI + PMI. Does anyone know what market rents FHA appraisers use and if we have any influence in showing them data for appropriate market rents? Also, is it true that they only count the bedrooms and the not the bathrooms for the rents? May have just misheard, since that sounds entirely unfair to me.