KNOXVILLE, Tenn. — Changes by the U.S. Department of Housing and Urban Development can impact thousands of potential homebuyers across Tennessee and millions across the country.
In a letter to the Federal Housing Administration from HUD in March, the government agency announced there will be changes to who qualifies for an FHA-insured mortgage based on its updated residency requirements to align with the Trump Administration’s policies.
Lane Gonzalez is a loan officer with Eustis Mortgage. He said FHA is one of the many loan programs offered in the United States and it’s one of the most popular…