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FHA update with Mortgagee Letter 2025-04 making significant changes to the use of boarder income which increases the flexibility for borrowers who are renting space in their homes. This change shows FHA adaptation to the current market and provides the ability to use this income for qualification purposes. The Federal Housing Administration believes this will align with industry changes and will allow for more borrowers to qualify for FHA financing with the ability to include this income. This expansion addresses the barrier to homeownership and should be a welcome change. With rental income from boarders now only requiring a 12 month history it will help many underserved markets. #fhamortgage #fhaloan #fhaloans #fhaupdates #mortgageloanofficer #mortgageloanoriginator #mortgagebroker #mortgagelender 〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰 Visit us at https://MyMortgageTrainer.com 〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰 Follow us on Facebook: / mymortgagetrainer 〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰 Join the Mortgage Professionals FB Group: https://mymgtr.com/fbgroup 〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰