Figure Out How To Qualify For A FHA Loan!
Looking for FHA loan requirements in Arizona? Generally speaking, the requirements for FHA loans are lower than those of conventional home loans in Arizona. Here is a condensed list of how you can meet the qualifications for FHA loan applicants:
The minimum FHA loan credit score is 580 in order to qualify for an FHA loan
FHA also only requires a 3.5% down payment and this can come from a gift or many times a Down Payment Assistance program
If you do not meet the previously stated requirements, you can begin to work towards them now. Start to repair your credit score. You will be able to receive a better interest rate and monthly payment when your credit score is higher.
Get started today on the process of receiving an FHA loan. A useful step will be using our FHA loan calculator in order to figure out the costs entailed in an FHA loan.