FHA minimum property requirements have not been updated in over 20 years. Since the 1990s.
And that has been quietly holding FHA buyers back in competitive markets for decades — making their offers less attractive to sellers and closing off properties that conventional buyers could purchase without a second thought.
That is finally changing.
In this week's Monday Market Update Nikki Erickson from Kevnik Mortgage breaks down everything HUD and FHA are reviewing and changing right now — and what it means for every listing agent and buyer agent watching.
This week we are covering: ✅ Interest rate update — back in the high sixes and low sevens with the Fed meeting this week ✅ Why the Fed is considering a 0.25% rate increase and what to tell your clients ✅ FHA minimum property standards — the biggest review in over 20 years and what is changing ✅ Well distance requirements — what FHA just eliminated for existing properties ✅ Repairs after closing — the game changing proposal that could eliminate the most common FHA deal killer ✅ Peeling paint in Minnesota — why moving this to a post-closing requirement would be massive for our market ✅ FHA 203K loans — new flexibility that gives buyers and agents more options than ever ✅ How to flip a regular FHA loan to a 203K without reapplying — a deal saver most agents do not know about ✅ The message to share with your sellers right now — FHA is not what it used to be
The general message this week is simple. FHA is not as restrictive as it used to be. Changes are coming before the end of the year and into Q1. And just because it is an FHA offer does not mean you should not consider it.
Share this with every listing agent you know.
This is brand new information and most agents and lenders do not even know about it yet.
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📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram: @mortgagesfrommntoaz
00:00 Introduction – Week of September 13th 00:30 Interest Rate Update – Back in the High Sixes Low Sevens and What Is Driving It 01:30 Fed Meeting This Week – Will They Raise Rates by 0.25%? 02:30 FHA Minimum Property Standards – The Biggest Change in 20 Years 03:30 Well Distance Requirements – What Just Changed for FHA Buyers 04:30 Repairs After Closing – The Game Changing FHA Proposal 05:30 Peeling Paint in Minnesota – Why This Change Is Huge 06:00 FHA 203K Loans – New Flexibility Every Agent Needs to Know 07:30 Flipping a Regular FHA to a 203K – No Reapplication Required 08:30 The Message for Sellers – FHA Is Not What It Used to Be 09:00 How to Reach Nikki Erickson at Kevnik Mortgage
Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!
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