Comment Submitted by Bobby Nicely
AnonymousSupportIndividual
Summary: The commenter supports aligning FHA minimum property requirements (MPR) with those of Fannie Mae and Freddie Mac. They argue that this change would reduce the stigma surrounding FHA appraisals, level the playing field for borrowers, and increase housing market participation.
Thank you for the opportunity to make a comment. I believe that FHA borrowers are often at a disadvantage when in competition with conventional borrowers for purchase contracts because of the stigma around FHA appraisals. I believe, that bringing FHA MPR standards closer to Fannie and Freddie will even the playing field more. This would bring more opportunities for FHA borrowers and bring more buyers into the housing market.