How to Qualify for an FHA MortgageTo qualify for an FHA home mortgage loan, a borrower must meet certain eligibility requirements. Compared to any other loan program, FHA is the easiest to qualify for, credit wise.
Borrowers must have at a minimum;
- Acceptable credit profile
- Have at least 3.5% down payment
- Ability to repay the mortgage as set forth by HUD guidelines
- Borrowers applying for an FHA insured loan must have at least a 580 middle FICO score.