answersLogoWhite

0

What are some fha loan requirements?

User Avatar

Anonymous

14y ago
Updated: 9/16/2019

To qualify for a fha loan you must have had at least 2 years of steady employment with a consistent salary You must have a fico score of at least 620 with minimal late payments and no bankrupty filing within the last two years.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Are there a big number of fha loan requirements?

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.


What is the difference between a fha loan and a conventional loan?

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.


How do I find out if I'm eligible for a FHA loan?

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.


Where can one find information on FHA home loan refinance?

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.


What are the requirements for an fha refinance?

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.


Where can I find information about FHA loan requirements?

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


What are the requirements to qualify for an FHA home loan?

"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."


What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.


What are some fha mortgage requirements?

There are no strict requirements for obtaining a mortgage. Banks decide whether to loan money on an individual basis, based on your income and credit.


What are FHA mortgage requirements?

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.


Do the fha lanrequirements change evey year?

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.


Where would I get information on the requirements to apply for fha loans?

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.