FHA home requirements are established by HUD to ensure that properties meet health and safety standards if being purchased with an FHA loan.
Fha Loan Rental Restrictions · FHA loans offer so many options for 1st time or subsequent buyers such as: Low down payment. Allows for down payment assistance. Lenient on lower credit scores or past issues. Forgiving on previous bankruptcies, foreclosures, & short sales. Student loans with income based repayment. higher debt ratios. Co-signors that will not occupy the home.
An FHA loan is a home mortgage backed by the government — specifically, by the Federal Housing Administration. The term “FHA loan” is.