apply for FHA loan FHA loans are government-insured mortgages with less-rigorous criteria. you must wait 12 months to two years to apply, and three years for a.

Fha Home Loan Guidelines Fha Downpayment Amount To qualify for an FHA loan with a 3.5% down payment, you only need a. The minimum credit score for most conventional loans is 620, though. Other options, including the FHA loan, the HomeReady mortgage and the conventional 97 loan offer low down payment options with a little as 3% down.