FHA loan for beginners

[Juan Alvarez]

Hello, I am new to the real estate world. After doing some reading, I believe it is best to start off with an FHA loan. My question is on the requirements. I am wanting to finance a duplex, you know do the house hacking deal. What about the requirements to qualify. My credit score is pretty good (700-720) . I just graduated from school last year so I don’t have hard earned credit. How much money do they expect you to have in your savings in order to qualify? I called Bank of America because that’s who I bank with but it seem like it was nearly impossible with them. Do I show them the property I am interested in first? Would they also fund for rehab cost. Any extra InformatIon will be appreciated.