With home prices rapidly appreciating nationwide over the past year, the federal government has decided to raise the limits for loans it backs in 2024 to $1.149 million in most counties in the San Francisco Bay Area.
On October 31, the Federal Housing Administration (FHA) announced, after a multi-year effort, the inclusion of policies for its Home Equity Conversion Mortgage (HECM) program in the.
Changes that allow income from accessory dwelling units to be counted toward a mortgage will allow more borrowers to qualify for Federal Housing Administration (FHA) financing.