FHA
At a glance
- Typical qualifications and documentation vary by lender and program rules.
- Property type, occupancy, and credit profile matter.
- We’ll confirm eligibility and next steps during a call.
Basic qualifications (typical)
- Often allows higher DTIs and more flexible credit than many conventional options (varies by lender).
- Owner‑occupied primary residence required for standard FHA purchase loans.
- Mortgage insurance premium (MIP) applies; rules vary by LTV/term.
Property types that may work
- 1–4 unit primary residences
- FHA‑approved condos (if eligible)
- Some manufactured housing (rules vary)
Typical documentation checklist
- Photo ID
- Income documentation (paystubs/W‑2s; tax returns if self‑employed)
- Bank statements and source of funds for down payment/closing costs
- Purchase contract and insurance quote (for purchases)
- Any bankruptcy/foreclosure documents if applicable
Tip: For privacy and security, do not email SSNs or sensitive document images. Use a secure portal for sensitive info.
Program-specific documents / notes
- Gift funds are commonly allowed with documentation of donor ability and transfer.
- Appraisal may require repairs for safety/health concerns.
- FHA loan limits apply and vary by county.
Questions? Call (530) 238-5739 or email [email protected].