NEW FHA Loan Requirements 2026 – First Time Home Buyer – FHA Loan 2026

Are you a first time home buyer interested in buying a house using an fha loan in the 2026 housing market? What are the most recent FHA loan requirements for 2026? What credit scores do you need? How long do you need to be employed? How much downpayment does FHA require? What are the pros vs cons of FHA Loans? In this video, we are going to discuss the 2026 FHA Loan Requirements, answer some common questions around FHA and show you how to do some basic FHA calculations with regards to Mortgage Insurance

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Watch This Next 👇

⏩ FHA Income Requirements -https://youtu.be/C7DfwoJXAmg
⏩ FHA Loan Requirements – https://youtu.be/CApGLR5u6j0
⏩ How much can you afford with FHA? – https://youtu.be/3Vhqiwabva0

FHA Approved Condo List – https://entp.hud.gov/idapp/html/condlook.cfm
FHA County Loan Limits – https://entp.hud.gov/idapp/html/hicostlook.cfm

NEW 2025 FHA LOAN LIMITS –

Low Cost Areas:
One-unit: $551,288
Two-unit: $693,063
Three-unit: $837,720
Four-unit: $1,041,038

High Cost Areas:
One-unit: $1,249,125
Two-unit: $1,599,375
Three-unit: $1,933,200
Four-unit: $2,402,625

What is an fha loan? An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender.

➡ What is fha mortgage insurance? Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment.

➡ What is the current upfront mortgage insurance premium for fha loans? The UPMIP is currently at 1.75% of the base loan amount. This applies regardless of the amortization term or LTV ratio.

➡ How do you calculate the monthly mortgage insurance premium for an fha loan? Purchase Price x Percent of Amount Financed x 1.0175 x .0055 / 12

Example Below using a $350,000 purchase price putting 3.5% down:
$350,000 x 96.5 = $337,750
$337,750 x 1.0175 = $343,660
$343,660 x .0055 = $1,890.13
$1,890.13 / 12 = $157.51 / month

FHA loan 2026 requirements

✅FICO® score at least 580 = 3.5% down payment.
✅FICO® score between 500 and 579 = 10% down payment.
✅MIP (Mortgage Insurance Premium ) is required.
✅Debt-to-Income Ratio less than 57%. (back end ratio)
✅The home must be the borrower’s primary residence.
✅Borrower must have steady income and proof of employment.

Jeb Smith
DRE 01407449
Real Broker

#HousingMarket2025 #RealEstate #FHA

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