The FHA rules are listed in the FHA Handbook which is called the 4155.1. This is the information that the FHA direct Endorsement Underwriter uses to approve FHA loans in Florida and mortgage loans throughout the United States. Once you reveiew the FHA oans and buy real estaet using an FHA loan, you will have the FHA rules understood as to qualifying debt to income and LTV requirements.
FHA rules in PDF form. The FHA 4155 as a PDF document online is useful for those seeking mortgage underwriting knowledge. FHA also alows a short sale called an FHA preforeclosure sale.