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Fha 203 B Guidelines Lending guidelines for FHA 203(b) and 203(k) mortgage loans generally are the same. The FHA has a minimum credit score requirement of 500 for a 10 percent down payment and 580 for 3.5 percent down;. FHA 203(b): The basic fha mortgage Loan. To purchase a single-family home in "as-is" condition, you may use the 203(b) mortgage.
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Fha Loan Qualifications Income FHA loan requirements you may not know about If you have a bankruptcy, short sale, or foreclosure in your not-too-distant past, you may still be eligible for an FHA-backed home loan. Recently FHA regulations changed, allowing some home buyers in these situations to apply for loans after just one year, instead of waiting two or three years.