NEW FHA Loan Requirements 2026 – First Time Home Buyer – FHA Loan 2026

Are you a primary time residence purchaser enthusiastic about shopping for a home utilizing an fha mortgage within the 2026 housing market? What are the newest FHA mortgage necessities for 2026? What credit score scores do you want? How lengthy do you might want to be employed? How a lot downpayment does FHA require? What are the professionals vs cons of FHA Loans? In this video, we’re going to talk about the 2026 FHA Loan Requirements, reply some widespread questions round FHA and present you tips on how to do some primary FHA calculations as regards to Mortgage Insurance

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✅ – Ready to grow to be a house owner? Start your stress-free journey at this time:

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⏩ FHA Income Requirements –
⏩ FHA Loan Requirements –
⏩ How a lot are you able to afford with FHA? –

FHA Approved Condo List –
FHA County Loan Limits –

NEW 2025 FHA LOAN LIMITS –

Low Cost Areas:
One-unit: $551,288
Two-unit: $693,063
Three-unit: $837,720
Four-unit: $1,041,038

High Cost Areas:
One-unit: $1,249,125
Two-unit: $1,599,375
Three-unit: $1,933,200
Four-unit: $2,402,625

What is an fha mortgage? An FHA insured mortgage is a US Federal Housing Administration mortgage insurance coverage backed mortgage mortgage that’s offered by an FHA-approved lender.

➡ What is fha mortgage insurance coverage? Mortgage insurance coverage is a coverage that protects lenders towards losses that outcome from defaults on residence mortgages. FHA requires each upfront and annual mortgage insurance coverage for all debtors, whatever the quantity of down fee.

➡ What is the present upfront mortgage insurance coverage premium for fha loans? The UPMIP is presently at 1.75% of the bottom mortgage quantity. This applies whatever the amortization time period or LTV ratio.

➡ How do you calculate the month-to-month mortgage insurance coverage premium for an fha mortgage? Purchase Price x Percent of Amount Financed x 1.0175 x .0055 / 12

Example Below utilizing a $350,000 buy worth placing 3.5% down:
$350,000 x 96.5 = $337,750
$337,750 x 1.0175 = $343,660
$343,660 x .0055 = $1,890.13
$1,890.13 / 12 = $157.51 / month

FHA mortgage 2026 necessities

✅FICO® rating no less than 580 = 3.5% down fee.
✅FICO® rating between 500 and 579 = 10% down fee.
✅MIP (Mortgage Insurance Premium ) is required.
✅Debt-to-Income Ratio lower than 57%. (again finish ratio)
✅The residence have to be the borrower’s major residence.
✅Borrower should have regular revenue and proof of employment.

Jeb Smith
DRE 01407449
Real Broker

#HousingMarket2025 #RealProperty #FHA

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