{"id":2587,"date":"2020-09-30T22:08:47","date_gmt":"2020-09-30T21:08:47","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=2587"},"modified":"2023-07-02T17:28:24","modified_gmt":"2023-07-02T16:28:24","slug":"fha-loan-requirements","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/fha\/fha-loan-requirements\/","title":{"rendered":"FHA Loan Requirements"},"content":{"rendered":"\n
I describe here the complete FHA loan requirements. The Federal Housing Administration (known as FHA), is providing mortgage insurance in the mortgage loans 1<\/sup><\/a> concluded by FHA lenders<\/a> 2<\/sup><\/a>. <\/p>\n\n\n\n When it comes to FHA loans, there are a few essential qualifications you need to meet. For starters, you must have a valid Social Security number, be a legal resident of the U.S., and have a steady employment history or have worked for the same employer for the past two years source<\/a>. Furthermore, the FHA mandates minimum credit score and down payment requirements. While these requirements are relatively lax compared to conventional loans, it is essential to be aware of these criteria to determine your eligibility successfully.<\/p>\n\n\n\n To qualify for an FHA loan, you should meet the following eligibility requirements:<\/p>\n\n\n\n In addition to meeting the eligibility requirements, it’s important to work with FHA-approved lenders<\/a> as they are knowledgeable about FHA loans and can help guide you through the process.<\/p>\n\n\n\n The following table summarizes the key FHA loan requirements that you need to be aware of:<\/p>\n\n\n\nEligibility<\/h3>\n\n\n\n
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FHA Loan Requirements<\/h3>\n\n\n\n