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Are there income and credit rating requirements for an FHA or any other thype of loan loan?

April 26, 2017Credit rating FHA income loan requirements

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Are there income and credit rating requirements for an FHA or any other thype of loan loan?

1 Answer

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There is no maximum or minimum income requirement for an FHA loan; however you must meet the lenders requirements. There is also no specific floor for credit ratings on an FHA loan. Lenders make the determination based on credit history and a discussion with the applicant about any past difficulties.