What's a sure way to slow down approval of your FHA mortgage?. an inspection , but loans insured by the Federal Housing Administration demand. To get more detailed – and you should – below is a checklist of some of.
Getting A Hud Loan You can get approved for an fha mortgage loan with a 500-579 credit score with 10% down. However, it is very difficult to process a loan application with a credit score in this range. If you have at least a 580 credit score, it is easier to qualify for an FHA mortgage.Hud Loans For First Time Buyers FHA loans are a very popular and affordable choice if you are a first time home buyer. It is a common misunderstanding that FHA loans are only for first time home buyers. There are restrictions if you own another home, or if you have another FHA loan, but you do not have to be buying your first home.