Your budget will affect every aspect of your home, from its size to its level of amenities to its location. Meet with a lender or loan officer to find out what you can.
Fha Loan 1St Time Home Buyer Minimum Fha Loan Amount In theory, there is no minimum loan amount although many lenders will establish minimum loan amounts for their company since it costs so much to create the loan they may never get the loan profitable. Local banks often will not have minimum loan amounts in order to comply with their Community Reinvestment Act objectives.Fha Loan Condominium FHA insures condominium single unit loans for up to 30-year terms to purchase or refinance a unit in an FHA-approved condominium project. The condominium project must be primarily residential, contain at least two dwelling units and can be detached, semi-detached, a row house, a walk-up, mid-rise, high-rise, including those with or without an elevator, or manufactured housing.