What are FHA loan requirements?
FHA requirements stack across credit, down payment, income, DTI, assets, occupancy, property condition, loan limits, and mortgage insurance — and lender overlays often tighten FHA's published rules. The minimum credit floor for 3.5% down is 580 (500–579 may qualify with 10% down, though most lenders won't fund). Primary residence only. Property must pass FHA appraisal under HUD's minimum property standards.
What this actually means.
The FHA layer: credit score floor (580 for 3.5% down, 500-579 for 10% down per HUD, with most lenders requiring 580+ in practice), debt-to-income within FHA's published ceiling, primary-residence occupancy within ~60 days of closing, property meeting HUD minimum property standards via the FHA appraisal, loan amount within the county loan limit, and mortgage insurance (upfront and monthly MIP). The lender layer: documented income with stable two-year history, sourced and seasoned assets for cash to close, overlay-tightened DTI/credit caps, and any program-specific items. Lender overlays sit on top of FHA's rules and often tighten them. Subject to FHA/HUD guidelines.
What this looks like on a real file.
Where this can move.
Income type, employment history, debt ratio, reserves, automated underwriting findings, and lender overlays can change the answer.
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Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with HUD, FHA, or any government agency.