Can Anyone Get an FHA Loan? Eligibility Requirements Explained
No — not everyone qualifies for an FHA loan. FHA loans are marketed as "flexible" and "accessible," which they are compared to conventional loans, but there are real minimum requirements.
What FHA Actually Is
FHA stands for Federal Housing Administration. The FHA doesn't lend money — it insures loans made by private lenders. That insurance is what makes lenders willing to accept lower credit scores and smaller down payments.
FHA loans require mortgage insurance premium (MIP): 1.75% upfront plus an annual premium — currently 0.55% — paid monthly for the life of the loan if your down payment is less than 10%.
FHA is not a first-time buyer program. Any buyer who meets the eligibility requirements can use an FHA loan, regardless of how many homes they've owned.
Credit Score and Down Payment Requirements
| FICO Score | Minimum Down Payment |
|---|---|
| 580 and above | 3.5% |
| 500 – 579 | 10% |
| Below 500 | Not eligible |
Lender overlays are real. Many lenders won't approve below 580 or 620. At A to Z Home Loans, we work with buyers down to 580.
FHA Loan Limits in Arizona (2025)
| County | 1-Unit |
|---|---|
| Maricopa | $530,150 |
| Pima | $472,030 |
| Pinal | $472,030 |
Who Doesn't Qualify for FHA
- Credit score below 500
- DTI too high
- Non-owner occupancy intent
- Purchase price above county loan limit
- Property doesn't meet MPR
- Inside waiting period after bankruptcy/foreclosure
- Outstanding federal debt
FAQ
Can anyone get an FHA loan?
No. FHA requires a minimum 500 credit score, lawful U.S. residency, owner-occupancy, a property that meets HUD's Minimum Property Requirements, and income/debt ratios within guidelines.
What credit score do I need for an FHA loan?
580 for 3.5% down. 500–579 for 10% down. Below 500, FHA won't insure the loan. At A to Z Home Loans, we work down to 580.
Is FHA only for first-time home buyers?
No. FHA is available to any borrower who meets the requirements — first-time buyers, repeat buyers, and anyone buying a primary residence.
What is the FHA loan limit for Maricopa County?
The 2025 FHA loan limit for a single-family home in Maricopa County is $530,150.
How long after foreclosure can I get an FHA loan?
3 years from the completed foreclosure date.