Clarification of FHA Definition of "Family Member" In all instances where FHA uses the term "Family Member", it is defined as any of the following: Child: defined as any son, stepson, daughter, stepdaughter, or foster child Parent: including step-parents and foster parents Grandparent: including step-grandparents and foster grandparents Sibling: defined as any brother, stepbrother, sister, or stepsister Uncle Aunt Legally adopted son or daughter, including a child who is placed with the borrower by an authorized agency for legal adoption Spouse or domestic partner In-Laws: defined as any son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law of the borrower Earnest Money Old Rule – Document source of earnest money if the amount exceeds 2% of the sales price New Rule – Document source of earnest money if the amount exceeds 1% of the sales price CAIVRS Old Rule – defaulted federal debt makes ...
