October 4, 2023

Announcement SEL-2023-09: Selling Guide Updates

October 4, 2023 – The The October Selling Guide: 

  • Updates requirements for rental income use towards qualifying;
  • Allows less than 24-month history of self-employment, and one year of personal and business tax returns if certain criteria are met;
  • Requires either the HUD Data Plate or HUD Certification Label information be provided in the appraisal report for existing properties;
  • Clarifies policy that property data collection must be obtained and submitted to Property Data API prior to the note date;
  • And other miscellaneous updates