Shared Well Requirements: Is a property on a community well permitted for FHA Financing?
[Download Mortgage Talking PointsTM flyer, FHA Shared Well Requirements Checklist!] Answer: FHA allows shared wells if they meet certain standards. Contact me for a handy checklist! A shared well is acceptable if all of the requirements are met. See the guideline below. Reference: 4000.1, II, A, 3, a, ii (O) (3) Shared Wells-The Mortgagee must […]