For many homebuyers, getting a mortgage can feel like navigating a maze of paperwork and requirements. There are phone calls to return, documents to upload, and deadlines to meet. But when you boil it down, there are really only two key hurdles that can stop a loan from closing: the borrower’s credit and income, and…
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For years, one of the most frustrating limitations in FHA lending was the inability to use boarder income—that is, rent paid by someone living in your home—to help qualify for a mortgage. Fortunately, that has now changed. With the release of HUD Mortgagee Letter 2025-04, FHA has introduced updates that allow for the use of…
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