FHA Home Loans

This guide covers qualifying and getting approved for FHA home loans. We will compare FHA home loans to other mortgage loan programs. FHA home loans are the best home mortgage option for first-time homebuyers, borrowers with bad credit, buyers with credit scores down to 500 FICO, homebuyers with high debt-to-income ratio, and borrowers during Chapter 13 Bankruptcy repayment plans.

FHA home loans are mortgage loans that are insured by the Federal Housing Administration (FHA), which is a division of the U.S. Department of Housing and Urban Development (HUD).

FHA home loans require borrowers to pay mortgage insurance premiums (MIP). There is an upfront MIP payment at the time of closing and an annual MIP premium included in the monthly mortgage payment. This insurance protects the lender in case the borrower defaults on the loan. FHA home loans are designed to make homeownership more accessible to a wider range of borrowers, particularly those with lower credit scores and smaller down payments. Here are some key features of FHA home loans.

FHA Home Loans: Your Ultimate Guide to Buying a Home with Bad Credit

Owning a house is a dream of many, but a bad credit score often feels like an impossible hurdle an aspiring homeowner has to face. Many traditional mortgage loans have a rigid credit score requirement, which leaves Americans with home ownership dreams in the cold.

Fortunately, there is a powerful and accessible program that directly aims to help people with credit problems: FHA home loan. These loans are insured by the FHA, or Federal Housing Administration, and are a significant part of the US housing market.

FHA loans offer flexibility and other perks, such as low down payments and a more forgiving approach to credit history. At Mortgage Lenders For Bad Credit, we help guide you through the FHA loan process and help you open the doors to your new home.

FHA Home Loans: Complete 2025 Guide For Homebuyers With Bad Credit

Homebuyers with bad credit, learn about FHA home loans, the guidelines, credit score requirements, down payment, and how to get approved fast. 2025 FHA loan guide. FHA home loans are among the most adaptable mortgage options in the United States.
FHA home loans are ideal for borrowers with poor credit, high debt-to-income ratios, limited savings, or challenging financial histories.

Mortgage Lenders For Bad Credit, a wholly-owned subsidiary of Gustan Cho Associates, helps homebuyers who are rejected by other lenders due to strict overlays or rigid credit criteria.

This 2025 FHA Home Loan Guide outlines the requirements for qualifying for FHA loans. It covers requirements for FHA mortgages, FHA credit score guidelines, down payment rules, employment and income eligibility, manual underwriting, and qualifying after bankruptcy, foreclosure, or late payments.

What are FHA Home Loans?

FHA home loans are mortgages insured by the Federal Housing Administration (FHA) but issued by private lenders. The FHA does not issue loans but guarantees them, which enables lenders like Mortgage Lenders For Bad Credit to offer low down payments and flexible credit criteria. Mortgage Lenders For Bad Credit can approve FHA loans with higher debt-to-income ratios than conventional mortgages allow.

The Federal Housing Administration (FHA), part of the US Department of Housing and Urban Development (HUD), insures mortgage loans.

FHA doesn’t lend directly to you. Instead, it insures lenders like us—Mortgage Lenders For Bad Credit—against losses if a borrower defaults. This insurance enables us to offer loans to riskier borrowers and provide more favorable loan terms.

Bad Credit? FHA Home Loans can help you become a proud homeowner with a low down payment and a lenient credit check. To learn how Mortgage Lenders For Bad Credit, a subsidiary of Gustan Cho Associates, can assist you with obtaining an FHA loan with a low FICO score and other credit challenges, keep reading.

FHA home loans work great for:

• first-time homebuyers
• low-credit score borrowers
• homebuyers who don’t have enough for a large down payment
• borrowers who have recently declared bankruptcy or lost a home in foreclosure
• buyers who want manual underwriting
• applicants who have been denied in the past because of lender overlays

Benefits of FHA Mortgages

• Low Down Payments: One of the main benefits is having low down payment requirements, which can make home buying a lot more attainable.
• With a credit score of 580 or higher, you can qualify for an FHA loan with a down payment of 3.5%.
• In comparison, many conventional loans require a down payment of 10-20 percent.
• Flexible Requirements: FHA lenders are more lenient with lower credit scores.
• They also consider your payment history, on-time rent, steady employment, and lower debt.
• More Forgiving of Past Credit: Past bankruptcies, short sales, or foreclosures shouldn’t stop you from buying a house for 10 years.
• Compared to conventional loans, FHA has much shorter waiting periods than most, so you can get back into the housing market a lot sooner.
• Gift Funds for Down Payment: Many first-time homebuyers struggle to save for a down payment.
• FHA loans are the only mortgages that let the entire 3.5% down payment come from a family member, employer, or charity.
• Other loan types require you to provide some of the down payment yourself, which is a bigger financial challenge.
• They may also require down payments of 5% to 20%.
• Assumable Mortgage: If you sell your home, the buyer can take over your FHA loan.
• This is an advantage if interest rates have risen, allowing your buyer to keep a lower rate.

Why Are FHA Home Loans So Popular For Bad Credit Borrowers

To obtain an FHA loan with bad credit, familiarize yourself with the credit score requirements. FHA sets minimum credit standards, but lenders can be stricter—a practice called a “lender overlay.” At Mortgage Lenders For Bad Credit, we have no overlays and offer lower borrowing standards to maximize your eligibility.

FHA Home Loans Accept Credit Scores As Low As 500

FHA loans uniquely allow credit scores as low as 500, though approval varies by lender. Without overlays, Mortgage Lenders For Bad Credit offers FHA loans under true FHA standards, not investors’ stricter requirements.

FHA Credit Score Requirements (2026):

FHA Credit Score Range

• 580+: If your FICO score is at least 580, you can get an FHA loan with 3.5% down.
• This qualifies you for the best loan-to-value terms.
• 500-579: You still may qualify for an FHA loan, but you’ll need a 10% down payment.
• While this is higher than the 3.5% option, it still gives access to homeownership if other loans aren’t possible.
• Under 500: You probably can’t get FHA financing right now.
• If this is you, we can help you build your credit to become eligible in the future.
• No minimum credit tradelines required.
• No overlays on collections, charge-offs, or medical debt

If another lender has denied you because of your credit, or if another lender has declined your application due to additional credit score requirements, Mortgage Lenders For Bad Credit can assist with your FHA home loan. For FHA loans, borrowers must meet some FHA minimum eligibility requirements, which include:

Minimum Down Payment Requirements

• Must provide a 3.5% down payment if credit score is 580 or higher
• Must provide a 10% down payment if credit score is 500 – 579
• Down payment assistance options include gifts, grants, DPA programs, or family members.
• Any amount of down payment funds can be a gift.

Debt-to-Income (DTI) Ratio Guidelines

HUD will allow DTI up to 46.9% front-end and 56.9% back-up with an Approve/Eligible AUS (Automated Underwriting System).
However, for manual underwriting, the guidelines are:

• 31/43
• 37/47
• 40/50 with mitigating factors (such as strong reserves, low payment shock, and long rental history)

Employment and Income Requirements

FHA Requirements include:

• Must have a two-year employment history (gaps are okay)
• Must have employment as full-time, part-time, self-employment, or 1099
• Income from overtime and bonuses is accepted, provided there is a two-year history.
• There are flexible policies for borrowers re-entering the workforce after a period of unemployment.

FHA Mortgage Insurance Premium (MIP)

FHA requires:

• Upfront Mortgage Insurance Premium (UFMIP): 1.75%
• Annual Mortgage Insurance Premium (MIP): based on the loan total and LTV

Mortgage insurance is required for 11 years or, depending on your down payment, for the entire loan term.

FHA Home Loans and Bad Credit

FHA Home Loans Approval Post Bankruptcy and Foreclosure

Loans from the Federal Housing Administration (FHA) are the most lenient in terms of waiting rules:

• Filing Chapter 7: Two-year wait period
• Filing Chapter 13: No waiting period, 12 months into repayment, need trustee approval
• Foreclosure: 3-year waiting period
• Short selling or Deed-in-lieu: 3 year waiting period

These waiting periods make FHA home loans an excellent choice for borrowers seeking a fresh financial start.

Manual Underwriting on FHA Loans

If an Automated Underwriting System (AUS) gives a “Refer/Eligible” recommendation, FHA home loans can be referred to manual underwriting. Manual underwriting is useful for:

• Who has low credit scores?
• Have little to no credit
• Experienced financial hardship recently
• Have a high DTI ratio.
• Filed for a Chapter 13 bankruptcy repayment

Mortgage Lenders For Bad Credit is one of the few mortgage companies that does manual underwriting. They accept the following compensating factors:

• Verifiable rental history
• Sufficient reserves
• Reduced payment shock
• Stable employment for a significant amount of time

Many mortgage companies avoid manual underwriting due to overlays—we do not.

FHA Down Payment Assistance (DPA) Options

FHA home loans let borrowers use state or local down payment assistance programs or grants from nonprofit organizations. This expands homeownership opportunities for buyers who lack funds for the down payment or closing costs.

The majority of DPAs will offer:

3 to 5 percent grants
Second mortgages that are forgivable
Second mortgages that are deferred payment
Help with closing costs.

2026 FHA Loan Limits

FHA loan limits increase annually on a county-by-county basis due to inflation in housing prices. Borrowers can use them for:
Single-family homes.

• 2-unit homes.
• 3-unit homes.
• 4 unit homes.

High-cost regions of the country notably have higher FHA loan limits, increasing the appeal of FHA home loan programs.

Is a Better Choice for Bad Credit and High DTI Borrowers

Most consumers choose FHA home loans over conventional loans because FHA offers key benefits: easier credit qualifications, lower down payments, higher DTI allowance, more flexible rules after bankruptcy or foreclosure, and approval options for applicants with limited credit history.

• More leniency on credit scores.
• More flexibility on DTI ratios.
• Less money is required for a down payment.
• More forgiving guidelines for previous bankruptcies and foreclosures
• The option of manual underwriting for the loan
• More accurate loan approvals for first-time buyers with thin credit profiles

Conventional vs FHA Home Loans

Most conventional loans have stricter requirements. These include a credit score of 620 or higher, more negative DTI ratios, deeper credit profiles with more positive factors, and more restrictive Automated Underwriting Systems.

• A credit score of 620 or higher
• More negative DTI ratios on loans
• Deeper credit profiles that show other positive factors
• More restrictive Automated Underwriting Systems are used.
• For individuals with credit issues, selecting FHA loans often increases the likelihood of approval.
• FHA’s flexible requirements enable more borrowers with past financial issues to purchase a home.

FHA loans are popular because they allow lower credit scores. Conventional lenders often require a FICO score of 620 or higher. With FHA loans, you can qualify with scores as low as 500. This makes them a top choice for buyers rebuilding their finances.

FHA Loans With Bad Credit Through Mortgage Lenders For Bad Credit

Mortgage Lenders For Bad Credit is one of the few national mortgage companies that provides FHA loans with no additional restrictions, allowing borrowers to fully benefit from FHA’s flexible guidelines and avoid extra lender rules.
Here’s what this means for you:

• Accepting 500 Credit Scores
• No Overlays on Collections
• Flexible DTI
• No Overlays on Gift Funds
• Expertise in Manual Underwriting
• Rapid Approval and Closing

Our team works continuously to offer same-day pre-approvals and handle loans previously denied by other lenders, helping borrowers move forward quickly toward homeownership.

Are FHA Loans For First-Time Home Buyers?

FHA Home Loans are a great first-time home buyer mortgage loan program, not just for first-time home buyers. HUD, the federal government agency that administers FHA loans, promotes FHA loans for first-time homebuyers and homebuyers with less-than-perfect credit.

HUD sets the rules and guidelines on how private lenders must follow them if they want HUD to insure the lender if borrowers default on their FHA loans.

HUD will partially guarantee and insure lenders who have borrowers default on their FHA loans. Private mortgage companies originate, process, underwrite, and fund FHA loans. The role of HUD is to promote homeownership to hard-working Americans by insuring private lenders with government-backed mortgage insurance on FHA loans if borrowers default or foreclose.

How Do FHA Automated Underwriting System Findings Work?

Mortgage Lenders For Bad Credit will only go by AUS FINDINGS and have no Lender Overlays. The mission of HUD is to promote homeownership by offering the FHA-insured mortgage program to private lenders. FHA nor its parent HUD is a lender. HUD insures FHA home loans for lenders who make FHA loans.

FHA loan limits vary by location and are set annually by HUD. These limits are designed to reflect the median home prices in different areas, and they can change from year to year.

The role of HUD is to insure HUD-approved mortgage lenders on FHA loans the lender originates and funds if the borrower defaults. For HUD to insure mortgage lenders, the lender needs to have followed the HUD agency guidelines on the FHA loans they originate.

Mortgage Underwriter Discretion on Manual Underwriting

Mortgage underwriters have a lot of underwriter discretion. Manual underwriting guidelines are not set in stone. Depending on the mortgage underwriter, borrowers with strong compensating factors can surpass the 50% manual underwriting recommended cap.

Some lenders will downgrade certain borrowers who have an approve/eligible per automated underwriting system to a manual underwrite.

This is never done at Mortgage Lenders For Bad Credit. If you are a borrower who meets the minimum HUD Agency Guidelines but is getting turned down by other lenders due to their lender overlays, please get in touch with us at Mortgage Lenders For Bad Credit at 800-900-8569 or text us for a faster response.

What Is HUD and How Does It Work?

The U.S. Department of Housing and Urban Development (HUD) administers the FHA loan program. HUD is the parent of FHA. The role of HUD is to promote homeownership by promoting banks and mortgage companies by offering government-backed mortgage insurance if the borrower defaults on FHA loans.

The business model at Mortgage Lenders For Bad Credit is having a no lender overlay platform on government and conventional loans.

Lenders need to follow the HUD 4000.1 FHA Handbook, a 900-plus page list of agency guidelines by HUD. Mortgage lenders must meet the minimum agency HUD guidelines for FHA homes if they want the loans they originate to be insured and partially insured by HUD in the event of foreclosure.

Why Is It Important To Understand the Basic HUD Agency Guidelines?

Borrowers must understand the basic agency mortgage guidelines on FHA homes. If a homebuyer gets denied an FHA loan from one lender, the borrower can qualify with a different lender if they meet the minimum HUD agency guidelines.

Mortgage Lenders For Bad Credit has a national reputation for being able to do mortgages other mortgage companies cannot do.

FHA loans are for owner-occupant primary homes. You cannot finance second homes and investment properties with FHA loans. Homebuyers can purchase one to four-unit owner-occupant homes with FHA loans. Homebuyers can purchase a two-to-four-unit multi-family home with a 3.5% down payment FHA home loan.

Down Payment Requirements on FHA Home Loans

FHA home loans have very lenient credit score requirements and flexibility. FHA home loans are more forgiving regarding credit scores compared to conventional mortgages. While lenders may have their own credit score requirements, borrowers with lower credit scores may still qualify for an FHA loan.

To qualify for a 3.5% down payment home purchase FHA loan, a minimum credit score 580 is required. Borrowers need to meet the minimum HUD Agency Guidelines.

Low down payment requirements are among the greatest benefits of FHA loans for homebuyers. Homebuyers can qualify for FHA home loans with under 580 credit scores. However, if your credit scores are between 500 and 579 FICO, HUD, the parent of FHA, requires a 10% down payment.

HUD Guidelines and Eligibility Requirements on FHA Loans

FHA home loans are very popular among first-time homebuyers, borrowers with bad credit, borrowers with outstanding collections and charge-off accounts, homebuyers with high debt-to-income ratio, and borrowers with credit scores down to 500 FICO. One of the most significant advantages of FHA loans is the low down payment requirement.

Borrowers can typically put down as little as 3.5% of the home’s purchase price. This is especially beneficial for first-time homebuyers who may have limited savings.

To qualify for an FHA loan, borrowers must meet certain eligibility criteria, including having a valid Social Security number, being a legal resident of the United States, and having a steady income. It’s important to note that while FHA loans have many benefits, they also have some drawbacks. For example, mortgage insurance premiums can increase the overall cost of the loan, and there are limits on the amount you can borrow. Additionally, FHA loans may have stricter property appraisal requirements.

Are FHA Loans Easy To Obtain?

FHA home loans are substantially easier to obtain than conventional loans. HUD, the parent of FHA, allows borrowers to be eligible for FHA home loans with credit scores down to 500 FICO scores. However, borrowers with credit scores between 500 and 579 FICO need a 10% down payment. Property Requirements:

FHA loans have specific requirements regarding the condition of the property being purchased. The home must meet certain safety and habitability standards established by HUD.

To qualify for a 3.5% down payment home purchase FHA loan, you need a 580 credit score. Homebuyers who cannot get an approve/eligible but get a refer/eligible per the automated underwriting system may qualify for manual underwriting on FHA home loans. We can still do FHA One-Time Close Construction Loans, FHA 203k loans, and Reverse mortgages for seniors.

Types of FHA Home Loans

There are multiple types of FHA home loans. The following are the types of FHA home loans available:

1. FHA home purchase loans
2. FHA refinance rate and term loan to take out non-occupant co-borrowers or other borrowers: Full documentation and new appraisal
3. FHA manual underwriting
4. FHA streamline refinance
5. FHA cash-out refinance
6. FHA 203k Renovation Loans
7. FHA Jumbo Loans or FHA High-Balance Loans
8. HUD Reverse Mortgage Loans: HECM

Can I Refinance With FHA Loans

Homebuyers can do a rate and term refinance on FHA home loans. If you currently have an FHA loan and want to do a rate and term refinance with another FHA loan, you may be eligible for an FHA streamlined refinance mortgage.

All borrowers and co-borrowers need to be on the FHA streamline refinance. FHA streamline refinance does not require appraisal or income documentation.

FHA loans offer a streamlined option that allows borrowers with existing FHA loans to refinance without a full credit check or appraisal. This can make it easier and more cost-effective for borrowers to take advantage of lower interest rates. If you plan on doing a rate and term refinance and taking out non-occupant co-borrowers, an FHA streamline refinance is not eligible. If you plan on taking out non-occupant co-borrowers, you need to do a full doc rate and term refinance with a new appraisal. Homeowners can do a cash-out refinance mortgage up to 80% loan-to-value.

Do All Lenders Have The Same Requirements on FHA Home Loans?

One of the most mistaken assumptions by home buyers is they assume all FHA lenders have the same mortgage requirements on FHA home loans since FHA home loans are government-backed home loans. This is not true. Mortgage lenders have different requirements for FHA loans.

All mortgage lenders have to have their clients meet the minimum HUD agency guidelines on FHA home loans.

Mortgage lenders can have higher mortgage guidelines above the minimum agency HUD agency guidelines called lender overlays. Most lenders have lender overlays on FHA home loans. Mortgage Lenders For Bad Credit is a mortgage company licensed in 48 states, including Washington DC and Puerto Rico (not yet licensed in NY and MA), with no lender overlays on FHA loans.

What Are The Requirements To Qualify for an FHA Loan? What If I Do Not Qualify For an FHA Loan?

For FHA loans, your credit score isn’t the only factor. Lenders review your full monthly payment to ensure it’s affordable. Use this checklist to prepare for FHA loan approval.

Documentation and Financial Requirements

1. Stable Employment and Income: Provide proof of two years of stable employment as well as stable income. Income will be verified by the lender using pay stubs, W-2s, and federal tax returns.
2. Debt-to-Income (DTI) Ratio: Your DTI ratio plays a vital role in determining your eligibility.
3. To be DTI eligible, your total debt must not exceed 43% of your gross monthly income.
4. However, for FHA loans, DTI eligibility can stretch as high as 50% with strong compensating factors.
5. Property Standards: The FHA requires all homes being purchased with a government-backed loan to meet certain minimum property standards (MPS).
6. The property will be reviewed by an FHA-approved appraiser to ensure the home is in a safe, sound, and secure condition.
7. The lender must resolve any notable concerns regarding the home’s health and safety.
8. Mortgage Insurance: FHA loans require two types of insurance.
9. You pay an upfront mortgage insurance premium (UFMIP) at closing, then an annual premium (MIP) each month. These guidelines allow for more flexibility, making FHA loans attractive to many borrowers.

Why Choose Mortgage Lenders For Bad Credit for Your FHA Loan?

If you have credit issues, obtaining a mortgage can be challenging. That’s where we help. Mortgage Lenders for Bad Credit, part of Gustan Cho Associates, specializes in helping individuals who are rejected by other lenders. We work with you throughout the process and do everything to bring you to the closing table. We excel in FHA loans for borrowers with low credit scores, those requiring manual underwriting, and complex situations.

FHA Home Loans Frequently Asked Questions (FAQs)

Is There a Minimum Credit Score For FHA Home Loans?

• FHA home loans typically require a minimum credit score of 500, although this may vary depending on the lender.
• Mortgage Lenders For Bad Credit offers FHA loans with no overlays, which means that credit scores as low as 500 are accepted.

What Is The Down Payment For FHA Home Loans?

• With a credit score of 580 or higher, the borrower is required to pay 3.5% down.
• With a credit score of 500–579, the borrower is required to pay 10% down.

Can I Get an FHA Loan After Bankruptcy?

• Yes.
• For Chapter 7, there is a 2-year wait. For Chapter 13, there is a six-month waiting period.
• You can get FHA financing during the wait if you have bankruptcy trustee approval.

Does HUD Allow Manual Underwriting?

• Yes.
• HUD manual underwriting is possible if the Automated Underwriting System gives a Refer/Eligible result.
• This option is best suited for borrowers with low credit scores or limited credit history.

Can I Use Gift Funds For My Down Payment?

• Yes.
• All of the down payment and closing costs can be 100% gifted.

Does HUD Allow High DTI Mortgages?

• Yes.
• HUD permits a 56.9% DTI with AUS approval.
• For manual underwriting, there are DTI caps, and compensating factors must be present for high DTIs.

Are FHA Loans Only For First-Time Homebuyers?

• No.
• FHA home loans are also available to anyone purchasing a primary home, as repeat buyers also qualify.

Do FHA Loans Require Mortgage Insurance?

• Yes.
• FHA loans require UFMIP and annual MIP.
• The annual premium can last eleven years or for the life of the loan, depending on your down payment.

Can I Qualify For FHA Home Loans With Unpaid Collections?

• Yes.
• Having unpaid collections typically does not lead to mortgage loan disqualification.
• Additionally, for FHA, unpaid medical collections and any charged-off collections do not need to be paid.
• We also do not have overlays on credit disputes.

How Do I Get an FHA Home Loan With Mortgage Lenders for Bad Credit?

• You can visit our website to get started on your application, or reach out to us for a same-day FHA pre-approval.
• We help borrowers who are in special circumstances, like low credit scores, high DTIs, etc.

Can I really get an FHA loan with a credit score of 500?

• Yes, you can. If your score is between 500 and 579, you are required to have a 10% down payment in order to meet FHA requirements.
• We have helped people in this exact situation, enabling them to achieve their dream of homeownership.

What is the waiting time for an FHA loan after a bankruptcy?

• In the case of FHA loans, the waiting time is significantly shorter.
• With an FHA loan, you will have to wait 2 years after a Chapter 7 bankruptcy discharge and 1 year after discharge from a Chapter 13 bankruptcy, with court approval.

In what ways does FHA MIP differ from PMI on a conventional loan?

• Both types of insurance, MIP and PMI, are types of mortgage insurance, but are structured differently.
• FHA Mortgage Insurance Premium (MIP) is typically for the life of the loan, or 11 years if you happen to make a down payment of 10% or more.
• A conventional loan typically allows the Private Mortgage Insurance (PMI) to be eliminated when the home’s equity levels reach 20%.

Is it true that FHA loans are only for first-time homebuyers?

• This is a misconception. FHA loans are not exclusive to first-time homebuyers.
• Any qualified homebuyer, including those purchasing a fourth or fifth home, can utilize the offers available through the program.

What does no lender overlays mean for me as a borrower?

• Every lender has something they call overlays.
• There are additional requirements that a lender may impose, which are more stringent than the base guidelines set by the FHA.
• When we say we have no lender overlays on FHA loans, we mean we only meet the bare minimum requirements set by the FHA.
• This means you are more likely to get approved if you have a more difficult credit profile.

What are the first steps to applying for an FHA loan?

• Start your loan application with a licensed loan originator.
• Contact us at Mortgage Lenders For Bad Credit, and we’ll answer your questions and create a personalized plan tailored to your needs.
• We help with every step, from application to closing.

Can Lenders Have Higher Requirements Above HUD Guidelines on FHA Loans?

Lenders can have higher lending standards that surpass the minimum agency HUD guidelines referred to as lender overlays. Before applying for an FHA loan, it’s a good idea to shop around and compare loan offers from different lenders to find the best terms and interest rates for your specific financial situation.

The Federal Housing Administration, or FHA, insures lenders if borrowers default and foreclose on their FHA loans.

Additionally, you should consult a mortgage professional to understand all the details and requirements of FHA home loans. This is why you need to familiarize yourself with the basic agency guidelines, which we will list below. You will qualify for an FHA loan if you meet the minimum HUD Guidelines. Contact us at Mortgage Lenders For Bad Credit at 262-716-8151 or text us for a faster response. Or email us at gcho@gustancho.com.