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This advanced notice of proposed rulemaking seeks comment on HUD’s current requirements concerning a borrower’s equity position for mortgages insured by the Federal Housing Administration (FHA) under title II of the National Housing Act (NHA). HUD seeks comments on various eligibility and underwriting requirements that could affect a borrower’s equity position, including: (1) the amount of a borrower’s minimum cash investment (MCI); (2) the source of the borrower’s MCI, including sources other than the borrower or the borrower’s family members, e.g., downpayment assistance (DPA) or secondary financing from governmental entities and nonprofit organizations; (3) the use of interested party contributions or seller concessions (collectively "IPC”) as a source of additional funds needed to close the insured mortgage transaction; (4) the Loan-to-Value (LTV) ratio of the mortgage and the mortgaged property and the borrower’s characteristics; (5) the borrower’s total fixed payments to effective income (Debt-to-Income or DTI) ratio; (6) the use of cash-out refinancing; and (7) the use of Property Assessed Clean Energy (PACE) programs.