FHA Loan Requirements for 2026
580 Credit Score -and- 3.5% Down Payment
The FHA loan program lets you purchase a home with a low down payment and flexible guidelines. FHA refinance mortgages are a great option for those who want to lower their monthly mortgage payment or consolidate their bills.
See how we make the American dream a reality. Whether you're a first-time homebuyer moving to a new home, or want to refinance your existing conventional loan to an FHA mortgage, there's an FHA program suited to your needs. With no income limits or credit scoring, many people who can afford the monthly mortgage payments and have reasonable credit will qualify for an FHA mortgage.
FHA Loan Articles
June 12, 2025What's an appraisal gap? This is an issue FHA borrowers face when the professional appraisal of a home comes in at a value lower than the price the buyer has agreed to pay. For example, a buyer might agree to purchase a home for $325,000, but the appraiser, who is an independent third party hired by the lender, determines the fair market value is only $310,000.
June 11, 2025Getting an FHA home loan following the discharge of bankruptcy is not impossible, but it pays to know a few key facts before you commit. Did you know there’s a mandatory waiting period all borrowers must sit through before applying for a new FHA loan after a Chapter 7 bankruptcy?
June 9, 2025Have you filed a Chapter 13 bankruptcy? If you have at least 12 payments made towards your bankruptcy plan, you may qualify to apply for a new FHA loan as long as the court approves. Otherwise, you may be required to wait out a seasoning period following the discharge of the bankruptcy.
May 30, 2025Preparing credit for a home loan raises many questions for the typical house hunter. How much do you know about preparing your credit for an FHA home loan application? We explore some important issues here, but the key factor is having enough time to adjust your credit habits and give the credit reporting process a chance to catch up with your new approach.
May 29, 2025An FHA cash-out refinance allows homeowners to borrow against their home equity. It replaces their current mortgage with a new, larger one; the borrower then receives the difference between the two loan amounts in cash. But these refinances have unique requirements borrowers need to consider on their way to filling out the application.
