FHA Loan Qualifications

FHA home loans are by far the most popular mortgages available. FHA stands for the Federal Housing Administration and a state institution. These FHA home loans are generally loans that are funded by the federal qualified lender but insured by the Federal Housing Administration. While FHA Home Loans are easier to obtain than a conventional mortgage loan FHA loans have certain qualifications.

FHA mortgages are so popular because they allow you to finance your home purchase with the presence of much smaller than the traditional twenty percent down. You can have as little as three and a half per cent. It does allow more people to be able to own their home.

Once you have decided that this may be a way to finance the purchase of your home, you should make sure that you can meet the FHA credit qualifications.


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