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Updated about 5 years ago on . Most recent reply

User Stats

96
Posts
11
Votes
Arthur Voskanyan
  • La Jolla, CA
11
Votes |
96
Posts

Understanding FHA income levels

Arthur Voskanyan
  • La Jolla, CA
Posted
I’m looking for some general knowledge about understanding FHA loans. Are there income cut offs for qualification for FHA loans? For example, If your income is $100k+, you can still put down a minimum 3.5% with a scary credit score? Thank you all in advance. Arthur V. :)

Most Popular Reply

User Stats

96
Posts
11
Votes
Arthur Voskanyan
  • La Jolla, CA
11
Votes |
96
Posts
Arthur Voskanyan
  • La Jolla, CA
Replied

Thank you for that Lynn for that information but I’m referring to more things like, does it matter how much you make to qualify for a FHA loan? If I make 1,000,000$ vs 50k a year, will a lender deny me if and say you need a conventional loan because your income is too high?

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