2020 FHA Loan Requirements & Guidelines


Read: The FHA Loan Process in the Age of COVID

Welcome to FHAhandbook.com. This website is a central repository for FHA loan guidelines and requirements for 2020 and beyond. It is updated on a weekly basis to bring you the most current information available on this popular loan program.

Minimum credit score

To qualify for the FHA loan program, you need a score of 500 or higher. You need a 580 or higher to use the 3.5% down payment option. Details

Maximum LTV

The maximum allowable loan-to-value (LTV) ratio for FHA borrowers is 96.5%. This means your down payment could be as low as 3.5%. Details

Minimum down payment

FHA loan guidelines call for a minimum down payment of 3.5%. Usually, this means 3.5% of the purchase price or the appraised value of the home. Details

FHA Loan Requirements, Guidelines, Policies and More

This website explains the minimum FHA loan requirements for 2020. We offer the most current information available, and that's important because the Department of Housing and Urban Development (HUD) changes this program on a regular basis. In fact, there have been more changes to the FHA requirements and guidelines in the last two years than in the previous ten years combined.

The bottom line is that the 2020 FHA loan program will be markedly different from what it was five or ten years ago. Borrowers need to know how it's different, and what it takes to qualify under current conditions. That is the purpose of our website.

You can find the official guidelines for this program on the HUD.gov website. But they are scattered across many pages and handbooks. As a result, it can be hard to find the information you need. We created this website to address both of these issue. The information on this website is current, regularly updated, and easy to access.

Note: We are not affiliated with the Federal Housing Administration, the Department of Housing and Urban Development, or any other government agency. We are not mortgage lenders. The educational materials found on this website are not meant to replace the official FHA guidelines established by HUD. They are meant to complement those guidelines in a consumer-friendly way. To learn more about who we are, and what we're trying to accomplish, please visit the about page.