FHA Loan Eligibility

What Is FHA Loan Eligibility?

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Basic FHA Loan Requirements

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Credit Score and Down Payment

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Property and Loan Limits

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How Alt Financial Can Help

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FHA Loan Eligibility

What Is FHA Loan Eligibility?

What Is FHA Loan Eligibility?

Basic FHA Loan Requirements

Basic FHA Loan Requirements

Must have a steady income and job history

Must have a steady income and job history

Need a valid Social Security number

Need a valid Social Security number

Must be a U.S. citizen or legal resident

Must be a U.S. citizen or legal resident

The home must be your primary residence

The home must be your primary residence

Credit Score and Down Payment

Credit Score and Down Payment

Minimum 580 credit score for 3.5% down

Minimum 580 credit score for 3.5% down

Some lenders may set stricter credit limits

Some lenders may set stricter credit limits

Higher scores improve loan approval chances

Higher scores improve loan approval chances

Scores 500–579 need a 10% down payment

Scores 500–579 need a 10% down payment

Property and Loan Limits

Property and Loan Limits

Home must meet FHA safety standards

Home must meet FHA safety standards

Only FHA-approved homes qualify

Only FHA-approved homes qualify

Limits update yearly with home prices

Limits update yearly with home prices

Loan amount depends on county limits

Loan amount depends on county limits

How Alt Financial Can Help

How Alt Financial Can Help