There are not a whole lot of requirements for fha loan requirements. They do require a pretty good credit score and on time payment history. You can find specific requirements for the loan you need.
Yes you can obtain a FHA Loan on a second home as long as you meet the FHA requirements.
"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."
The requirements for an FHA loan can be found here: http://fha.mortgageloanplace.com/fha_who_qualifies.html. Simply fill out a short form and you will be told if you meet the requirements.
An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.
You can find information on a FHA home loan refinance online at the FHA website. Once on the site, you can view the requirements and limits of FHA home loans.
An FHA loan is a loan for first time home buyers. HUD has a website where you can talk to FHA housing counselors who will be qualified to answer all your questions regarding an FHA loan (http://portal.hud.gov/hudportal/HUD?src=/i_want_to/talk_to_a_housing_counselor.
If you need to get information about FHA loan requirements, i think you can look in this website www.fha.com/fha_loan_requirements.cfm, www.fha.com/faq.cfm or http://www.bankrate.com/finance/mortgages/7-crucial-facts-about-fha-loans-1.aspx
There are many ways to explore an FHA loan and find out the FHA mortgage requirements. Usually the easiest solution is to talk to your local banker. It is also possible to obtain this information via the FHA.gov website.
The way that fha loan requirements are set up is based on commerce. If the market fluctuates, then the requirements will vary slightly from year to year.
You can get all the information you will ever need on the internet. Just go to FHA and search for the Federal Housing Administration/U.S. Department of Housing and Urban Development. Look for FHA loan requirements.
When you get an FHA loan it is not funded directly through FHA. FHA is essentially an insurer for loan. So the Mortgage Insurance paid on an FHA loan is an insurance policy for the company giving you the actual loan. Most any bank or lender can give you an FHA loan.
The first one is FHA mortgage insurance. There are lending limits depending on the housing and the state that you are in.You have to have a credit check.