FHA Loan

FHA Loan

Requirements 2024

FHA Loan Requirements

Low Down Payment: Just 3.5% of the purchase price

Flexible Credit Score: Minimum score of 580

Easier Qualification: Ideal for first-time buyers

FHA Credit Score Criteria

FHA Credit Score Criteria

580 and Above: 3.5% down payment

500-579: 10% down payment

500-579: 10% down payment

FHA Down Payment Details

FHA Down Payment Details

Standard Requirement: 3.5% for credit scores 580+

Higher Requirement: 10% for credit scores 500-579

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