FHA Requirements

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FHA requirements vary significantly from subprime and conventional mortgage lending. FHA loan requirements consist of full income documentation and the borrower's ability to demonstrate the likelihood of them repaying the mortgage as agreed.

FHA credit requirements are based on the borrower being able to demonstrate a recent pattern of timely payments. FHA guidelines do not have a credit score minimum, but most FHA lenders have instituted their own fico minimum so insurance companies value the risk.

FHA requirements for streamline refinancing to be approved only for borrowers seeking to refinance the current FHA loan. No cash out is allowed.

We guarantee the lowest FHA mortgage rates for FHA refinance loans in the United States.