I have a new checklist available for Shared Well rules and the documents required for FHA financing. Post below and I’ll email you a copy.
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Answer: [tweet-start]FHA allows shared wells if they meet certain standards. Contact me for a handy checklist![tweet-end] 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 confirm that a Shared Well: serves existing Properties that cannot […]