FHA Loan Requirements

FHA loans are known for flexible qualifying standards. While your lender confirms the exact criteria, here's a general overview of what FHA loans typically require.

Credit Score

Many lenders allow FHA borrowers with credit scores in the 580s to qualify for the 3.5 percent down option, and some allow lower scores with a larger down payment.

Down Payment

FHA loans require as little as 3.5 percent down, and the funds can sometimes come from gifts or assistance programs.

Debt and Income

Lenders review your debt-to-income ratio to ensure the payment fits your budget. FHA guidelines are generally more flexible than conventional loans here.

Property Standards

The home must meet basic FHA property and safety standards, confirmed through an FHA appraisal.

See If You Qualify

As your REALTOR, I can connect you with FHA-experienced lenders who'll review your details. Reach out and we'll find out where you stand.