Comments on: what are the minimum requirements for a fha home loan? http://planning-financial.com/what-are-the-minimum-requirements-for-a-fha-home-loan/ We offer the most comprehensive information on financial planning to help for your financial planners. Check our selected financial planning guides and financial future reviews at our site. Sat, 13 Mar 2010 09:31:49 -0600 http://wordpress.org/?v=2.8 hourly 1 By: dollastretcher http://planning-financial.com/what-are-the-minimum-requirements-for-a-fha-home-loan/comment-page-1/#comment-5966 dollastretcher Mon, 30 Nov 2009 07:00:14 +0000 http://planning-financial.com/what-are-the-minimum-requirements-for-a-fha-home-loan/#comment-5966 - 3.5% of down payment - You only need about 2100, with 4k in hand you covered it. - 620+ credit rating - FHA also works with with low/bad credit ratings, check your score using creditkarma.com. - The property should be eligible under FHA - pretty much all of them are. I would strongly recommend you going through the official website as the requirements vary depending on the state. http://www.hud.gov/buying/loans.cfm And here is a step-by-step procedure on how the process go. Wish you all the best. http://portal.hud.gov/portal/page/portal/HUD/topics/buying_a_home#loan

- 3.5% of down payment – You only need about 2100, with 4k in hand you covered it.

- 620+ credit rating – FHA also works with with low/terrible credit ratings, check your score using creditkarma.com.

- The property should be eligible under FHA – pretty much all of them are.

I would strongly recommend you going through the official website as the requirements vary depending on the state.

http://www.hud.gov/buying/loans.cfm

And here is a step-by-step procedure on how the process go. Wish you all the best.
http://portal.hud.gov/portal/page/portal/HUD/topics/buying_a_home#loan

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