• Have a valid SSN and be a legal resident of the US.
  • Have verifiable and steady income.
  • Have a debt-to-income ratio less than 50%.
  • Have a minimum down payment of 3.5% (varies based on credit score). However, the money can be gifted from a family member.
  • The property must be used as your primary residence.
  • The property must be appraised by an FHA-approved appraiser and needs to meet certain standards.