As long as your credit score is 500 or higher, you are eligible to apply for a Federal Housing Authority (FHA) loan. You must meet the other loan requirements, and your payment could be higher for.
Mortgage Rate Finder More Than One Fha Loan How to Qualify for an FHA Mortgage – The FHA mortgage program. you to pay off your mortgage? Run the numbers through Bankrate’s mortgage calculators. Since an FHA loan permits a lower down payment, you can expect to pay more interest.