| The purpose of FHA (Federal Housing Administration) | | | | the following criteria: |
| home loans is to promote homeownership. You can | | | | 1. Employment: You have a regular income. You will be |
| get FHA home loans with small downpayment. | | | | given preference if you are working with same |
| Thereby, you can buy a home easily. However, you | | | | employer for at least two years. |
| should remember that not all the applications are | | | | 2. Steady income: Your wage of last two years should |
| approved by FHA. There are some FHA home loan | | | | either be same or must show an increasing trend. If |
| qualification guidelines. Let us know general qualification | | | | you have regular increments, bonus, then these will be |
| guidelines and benefits of FHA home loans. | | | | regarded as a part of income. There is no minimum |
| Eligibility | | | | income limit for qualifying FHA home loans. |
| You can qualify for FHA home loans provided you fullfil | | | | |