Find out if you’re on track for one of the most flexible home loan options available.

FHA loans are known for being buyer-friendly — especially for people who might not qualify for a conventional mortgage.

But what exactly does it take to qualify? The good news: if you’ve got steady income and manageable debt, you may already be closer than you think.

Here are 5 quick things to check right now to see if an FHA loan could work for you.

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✅ 1. Do You Have at Least a 580 Credit Score?

FHA loans allow for credit scores starting at 580 with just 3.5% down.

Some lenders (including PRMI) may even work with scores lower than 580 with a larger down payment — depending on the full picture of your file.

💡 Tip: Your credit doesn’t have to be perfect — it just has to show responsibility and recovery if there were past issues.

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✅ 2. Can You Document 2 Years of Income?

Lenders want to see a stable income history. That usually means:

• 2 years of W-2 income (salaried or hourly)
• Or 2 years of self-employment (with tax returns)

If you recently changed jobs but stayed in the same field, that’s usually fine — we just help explain the story.

📘 We work with all types of income: salaried, hourly, gig, self-employed, even multiple jobs.

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✅ 3. Do You Have 3.5% Saved — or Can It Be Gifted?

FHA loans require a minimum 3.5% down payment, but that money can come from a gift, like:

• A family member
• A friend with a documented relationship
• Down payment assistance (in some areas)

You’ll also need some funds for closing costs — but we’ll help estimate those up front and may be able to negotiate credits to reduce them.

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✅ 4. Is Your Debt-to-Income Ratio Manageable?

Your debt-to-income ratio (DTI) is how much of your income goes toward existing debt, like:

• Car payments
• Credit cards
• Student loans
• Personal loans

FHA loans are flexible here — often allowing DTIs up to 56% with strong compensating factors (like great rent history or job stability).

🔍 We’ll help calculate your DTI and show how it affects your approval and monthly payment.

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✅ 5. Are You Buying a Primary Residence?

FHA loans are only for primary residences — not second homes or investment properties.

You can use an FHA loan to buy:

• A single-family home
• A condo (on the approved list)
• A duplex, triplex, or fourplex (if you live in one of the units)

🏘️ You can also use FHA financing for rehab projects (like FHA 203k) or new construction in some cases.

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🧭 What If You Don’t Check Every Box?

That’s okay — many people don’t at first.
But with the right strategy (and sometimes a few months of planning), we can help you get there.

✅ We’ll help with:

• Free credit reviews
• Action plans to improve DTI or reserves
• Connecting you with down payment assistance where available

You don’t need to guess — you just need a guide.

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🏢 Why PRMI?

We’re a direct FHA lender, which means:

• We don’t shop your file around to the lowest bidder
• We handle most of your loan in-house
• We walk with you every step of the way — with clarity, not confusion

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👇 Want to See If You Qualify?

Let’s review your goals, income, and credit together — no pressure, just real answers.