Can I qualify for an FHA home loan?
Because an FHA loan is government-insured, it has less stringent qualifications and credit requirements compared to Conventional financing. The minimum credit score depends on a variety of factors, so be sure to check with your Loan Officer about your specific situation. The FHA mortgage was originally created for first-time homebuyers, but it is now open to a much wider audience. Under FHA guidelines, if you have not owned a primary residence for at least three years you can qualify as a first-time homebuyer!