- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (8)
- Roxy Redenbaugh, "LoanLady Nationwide"
- Contributions:125
Just wanted to add to Julie's comment about needed a 620 fico.. their are lenders still offering FHA to borrowers with a 580 fico. The risk is higher so rates are too. But there is an option for these borrowers too.
- Chris Corica, "Chris Corica"
- Contributions:1075
Julie - Im sure if the OP wanted to contact you they would click on your profile and do so. The boards are NOT a place for spam or self promotion.
- Chris Corica, "Chris Corica"
- Contributions:1075
Just to add to Roxy "FHA has No income limits or limitations... anyone can apply"..... anyone can appply BUT you still must qualify witin the acceptable debt ratio limits. Like any other loan, you will need sufficient income to qualify based on your present liabilities and new mortgage payment.
- Julie Montgomery, "juliesellslittleton"
- Contributions:17
Hi -- anyone who qualifies can obtain an FHA loan. Your credit must be at least 620, no incomes limits and only 3.5% down -- it's the most popular loan out there right now. Julie Montgomery, RE/MAX Masters, Inc. [contact info removed by moderator]
- Adam Cohn, "palmbeachmortgage"
- Contributions:130
.
- Roxy Redenbaugh, "LoanLady Nationwide"
- Contributions:125
FHA has No income limits or limitations... anyone can apply. Good credit 620 fico's and above. Good work history 2 years. Best part on a purchase only 3.5% down payment required. Seller credits are allow to help with closing costs. Great program for all! Great for first timers to get into a home. Here in Hawaii- Honolulu county up to 793,700 on a high balance FHA.. so with rates at 4.875% FHA get out there and find a home....
- Shawn Sidhu, "C2 Financial of CA"
- Contributions:42
FHA loans are available to those with various income levels. Also, there are downpayment assistance options available through the City or State as well.
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3423
FHA does not reverse discriminate on income.
How do you get FHA loans and who can qualify? . Low/Middle class income or anybody.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.