FHA Loans: Requirements, Rates & How to Apply
Government-backed loans insured by the Federal Housing Administration. Lower credit and down payment requirements ideal for first-time buyers.
580
Min Credit Score
3.5%
Min Down Payment
57%
Max DTI
government
Category
Key Takeaways
- ✓ Minimum credit score requirement: 580.
- ✓ Minimum down payment: 3.5% of the purchase price.
- ✓ Maximum debt-to-income (DTI) ratio: 57%.
- ✓ Government-backed loans insured by the Federal Housing Administration. Lower credit and down payment requirements ideal for first-time buyers.
Related Resources
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