FHA Loan Fact Sheet 2025

See details

4.8 out of 5

58 votes

The FHA Loan Fact Sheet outlines the Federal Housing Administration's role in assisting first-time home buyers and lower-income Americans in purchasing homes through insured loans. It highlights key features such as low down payment options, eligibility criteria, and specific loan programs like the 203(b) fixed rate mortgage and the 203K Streamline for home rehabilitation. The document emphasizes accessibility for borrowers with less-than-perfect credit and provides resources for further information.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The easiest way to modify FHA Loan Fact Sheet in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on paperwork with our comprehensive and intuitive PDF editor is straightforward. Follow the instructions below to fill out FHA Loan Fact Sheet online easily and quickly:

Log in to your account. Sign up with your credentials or register a free account to test the service before upgrading the subscription.
Upload a form. Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit FHA Loan Fact Sheet. Easily add and highlight text, insert pictures, checkmarks, and signs, drop new fillable areas, and rearrange or delete pages from your document.
Get the FHA Loan Fact Sheet accomplished. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other people through a Shareable link or as an email attachment.

Make the most of DocHub, one of the most easy-to-use editors to promptly handle your documentation online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the details of an FHA loan?

Sufficient Income FHA Loans vs. Conventional Loans FHA LOAN Minimum Down Payment 3.5% with a credit score of 580+ and 10% for a credit score of 500 to 579 Loan Terms 15 to 30 years Mortgage Insurance Requirements Upfront MIP + annual MIP for either 11 years or the life of the loan, depending on LTV and length of the loan4 more rows

What is the downside of an FHA loan?

Income Scenarios ScenarioDown PaymentEstimated Income Needed Conservative 20% ($60,000) $75,000 Moderate 10% ($30,000) $85,000 Aggressive (FHA Loan) 3.5% ($10,500) $95,000 Jul 11, 2024

How much do I need to make to buy a $300k house with an FHA loan?

Despite the lenient FHA loan requirements, being denied is possible. The three primary factors that can disqualify you from getting an FHA loan are a high debt-to-income ratio, poor credit, or lack of funds to cover the required down payment, monthly mortgage payments, or closing costs.

What does an FHA loan include?

The basic FHA mortgage insurance program is Mortgage Insurance for One-to-Four-Family Homes (Section 203(b)). FHA allows first time homebuyers to put down as little as 3.5% and receive up to 6% towards closing costs. However, some lenders wont allow a seller to contribute more than 3% toward allowable closing costs.