Make these changes politically, so everyone can buy a home easier:
100% Loan to Value, FHA Home Loans.
Present Income Doc, only, required; not 2 years for FHA Home Loans.
Increase the Limit on FHA loans, to equal the FHFA Conforming Loan Limit.
Allow 250 year fixed loans, (interest only equivalent), on loans up to 55% value
of Conforming Loan Limit.
This is for primary residences only.
No changing payments on a consumer product allowed.
FHFA Conforming Loan Limit Value Map:
https://www.fhfa.gov/DataTools/Tools/Pages/Conforming-Loan-Limit-Map.aspx
The FHA Loan Limit, is as low as $420,680 for 2022. But as can be seen from the
above map, the FHFA Conforming Loan Limit is as low as $647,200.
Tell your Federal representative to adjust the Federal Housing Administration to
make these changes to make home buying easier.