Fha Home Qualifications

FHA loan requirements you may not know about If you have a bankruptcy, short sale, or foreclosure in your not-too-distant past, you may still be eligible for an FHA-backed home loan. Recently fha regulations changed, allowing some home buyers in these situations to apply for loans after just one year, instead of waiting two or three years.

To qualify for an FHA backed mortgage, a home must be inspected to insure the property compiles with safety standards set by the Federal Housing Authority.