You may be eligible for an FHA loan, if you:
Have 2 years of steady employment, preferably with the same employer.
Have had steady income (or increasing income) in the past two years.
Have had less than two 30-day periods of late payments on your credit report.
Have declared bankruptcy no less than two years ago and have maintained good credit since.
Have not been a party in a foreclosure for at least three years and have maintained good credit since.
Anticipate your mortgage payment will be equal to or less than 30% of your gross