FHA Financing Guidelines - A Helpful Guide

[Craig S.]

Hello All,

I am in the process of starting my first rental deal on a duplex. I have considered many financing methods, and have decided that FHA was probably the best route for me at this time, as I plan on being an owner-occupant anyways (which you need to be to qualify for a FHA-insured mortgage). Couple this with only 3.5% down and a 3.5% interest rate, you can't really beat it.

Anyways, in my initial search for FHA financing, I found it difficult to find an up-to-date accurate source for FHA information online. The best way to learn the current rules is to probably call a lender and see what is going on at the present time, however I found a PDF guide produced by a lender (of which I have no affiliation with) that seems to nicely outlay the current FHA rules.

I thought it may be helpful for those who are just starting out and looking to learn about FHA financing to have this guide available.

Here it is:
http://www.pcmwholesale.com/getform.aspx?id=60

I hope this helps someone as it helped me!

Craig