That is a great question. Since the rules are changing all the time, I suggest you talk with a mortgage professional to get all the facts. Here is someone I have worked with and she is very knowledgeable. By providing her some information, she can not only tell you about this problem but others that you may be interested in.
Sr. Mortgage Consultant/ FHA 203k certified
Apply directly to my website
So do you have a house in mind or are you trying to figure out "how much house you can afford?"
I know this was not a direct answer to your question, but hope it helps.
Debbie Breaw, GRI CRS
Keller Williams Realty, Brandon
Direct: 813-826-4675 or 813-504-1498
Office: 813-684-9500 x 310