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what do you need to qualify for a fha mortgage
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Asked by Coco2010 1 year ago Flag this question Flag this Question

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Two Years of steady employment, preferably with same employer.
Last two years income the same or increased
Have less than two 30 day lates in last 2 years with a minimum credit score of 620 or higher.
Bankruptcy must be at least 2 years old.
Foreclosure must be at least 3 years old.

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tweetymac 1 year ago

also, in addition to all of those qualifications, i've heard you need mortgage payment of about 30% your gross income

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justineriv 1 year ago

Here are some links with more information:

General FHA requirements: http://www.fha.com/fha_loan_requirements.cfm

FHA Pre-Qualification Questions: http://www.fha.com/prequalify.cfm

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phnxangell 1 year ago

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