What is the fha self sufficiency rule?
What does the process entail?
We run these estimates upfront for our borrowers while they’re out shopping for properties to avoid any issues. When rates and prices are high, this FHA self sufficiency rule can be a hindrance on someone’s ability to use FHA to buy a 3 or 4 unit property. Thankfully, duplexes are excluded from this rule and conventional financing has some low down payment options.