HUD: Two New FHA Temporary Policy Waivers Related to Hurricane/Tropical Storm Helene and Hurricane Milton
On October 22, 2024, HUD’s Office of Housing Counseling sent out the following information: 1. 203(k) Limited Temporary Waiver Hurricane/Tropical Storm Helene and Hurricane Milton FHA has posted a temporary waiver of its 203(k) Rehabilitation Mortgage Insurance Program requirement that states, when a repair is considered “major,” it becomes ineligible to be financed as part…