This BLOG On FHA Manual underwriting mortgage guidelines And Requirements Was UPDATED On June 15th, 2019. FHA Manual Underwriting Mortgage Lending Guidelines And Definition Of Compensating Factors Explained. There is no dead set in stone requirements with FHA Manual Underwriting Mortgage Guidelines.
However, with an FHA loan, the home must also meet certain guidelines known as minimum property requirements (MPR) and/or minimum property standards (MPS). “In addition to placing a value on the.