Question: do we qualify for fha loan?
Answer: To be eligible for an FHA loan, borrowers must meet the following lending guidelines: FICO score of 500 to 579 with 10 percent down or a FICO score of 580 or higher with 3.5 percent down. ... Your back-end debt ratio (mortgage, plus all monthly debt payments) should not exceed 43 percent of your gross monthly income.