FHA Mortgage Loan Requirements | What You Need To Know! Thinking about buying a home but worried about your credit score or down payment? You might be surprised—FHA loans allow buyers to purchase a home with as little as 3.5% down and a credit score as low as 500! In this video, I break down everything you need to know about FHA loan requirements for 2024, including credit score minimums, mortgage insurance, debt-to-income ratios, loan limits, property guidelines, and more! 🚨 Did you know FHA loans aren’t just for first-time homebuyers? That’s right! Whether this is your first home or your fifth, an FHA loan could be an option for you. Plus, I’ll cover a game-changing FHA loophole that lets you buy a multi-unit property and still qualify for a low down payment! 💰 Want to know how much mortgage insurance costs? I’ll show you how to calculate it step-by-step so you can estimate your monthly payment. And if you’re wondering if FHA or conventional is the better choice, I’ll explain how to compare your loan options! 📲 If you're thinking about buying a home in Central Arkansas, I’d love to help! Call, text, or email me today—I’ll walk you through the process and help you find the perfect home! ✅ My trusted LOCAL and nationwide sources for Mortgage Loans: Robert Cole - Benchmark Home Loans (Arkansas) https://robbycole.benchmark.us/ Jeff Johnson - Rackley Revolution Loans (Nationwide): https://www.revolutionmortgage.com/loan-officer/190523 Nancy Nelson - Citywide Home Mortgage: https://www.citywidehm.com/loan-officers/nancy-nelson-1928867 AR - 1928867, AZ - LO-1033625, MO - 1928867, GA - 1928867, OR - Licensed, TX - Licensed Shandal Epperson - Citywide Home Mortgage https://www.citywidehm.com/loan-officers/shandal-epperson-2163653 AR - 2163653, TN - 2163653 (Plus 8 other states) My Contact Info: Nick Stewart Rackley Realty 501-681-7773 Soldwithnicholas@gmail.com SCHEDULE A CONSULTATION WITH ME! https://calendly.com/soldwithnicholas 🔔 Don’t forget to like, subscribe, and hit the bell icon so you never miss a real estate update! #FHALoan #HomeBuyingTips #MortgageApproval #FirstTimeHomeBuyer #ArkansasRealEstate