What are FHA loan requirements?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
FHA requires a 580 score for 3.5% down (500-579 needs 10%), a DTI generally up to 43%-50% with strong factors, two years of steady income, and the home as your primary residence within FHA loan limits.
The property must meet FHA's minimum condition standards at appraisal. We'll review each requirement against your profile and confirm you qualify.
The basic requirements
To qualify for an FHA loan you generally need a 580 credit score for 3.5% down, steady documented income, and a debt-to-income ratio under about 43% to 50%. The home must be your primary residence.
The property also has to meet FHA safety and condition standards, confirmed by an FHA appraisal.
Documents and details
You will provide pay stubs, W-2s or tax returns, and bank statements. FHA is flexible on credit history but wants a clean recent payment record.
Every file is a little different. Apply now and we will send you an FHA checklist built for your exact situation and confirm you qualify.