General FHA New Construction Loan Requirements – Financial. – As far as FHA new construction loans are concerned, there are a few requirements to keep in mind.Each state may have variations on these requirements, so check with your local agency to be sure before proceeding. A new construction is defined as a property that is less than 12 months old, regardless of whether or not it has been occupied.
What Are the 2017 FHA Loan Credit Requirements? – In this article, you’ll learn about the 2017 FHA loan credit requirements to help you get started with. Once you have an idea of where you stand financially, you’ll be ready to apply for an FHA.
HUD.gov / U.S. Department of Housing and Urban. – FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan.
Picture of FHA loan application with glasses and stack of money. FHA loans are. Conventional loans require credit scores of at least 620.
FHA Loan Articles. For example, the basic requirements for an FHA reverse mortgage are not the same as those for a new purchase loan. The FHA reverse mortgage has a minimum age requirement which does not apply to FHA forward mortgages or refinance loans. fha reverse mortgages are only for qualified borrowers age 62 or older.