Eligibility for an FHA Mortgage

The first step is meeting FHA's basic eligibility requirements. These involve some very general requirements that are pretty easy for most people to meet. The second part is meeting the qualification requirements. This is where your income, your credit history and your savings are evaluated. It's a little more complicated than basic eligibility, but don't worry. Millions of people qualify for mortgages every year, and you can too!

Generally, to be eligible for an FHA loan, you must:

• Have a valid Social Security Number (SSN)
• Be a legal resident of the United States
• Be of legal age to sign a mortgage in your state. There is no maximum age limit for a borrower.

Even if you are a U.S. citizen, you must still have a valid Social Security Number (SSN). An individual Tax Identification Number (ITIN) is not an acceptable substitute for a SSN.

U.S. citizenship is not required for eligibility. When you indicate on your loan application that you hold something other than U.S. citizenship, the lender must determine your residency status from the documentation you provide. If you are a permanent resident alien, you must provide evidence of lawful permanent residency issued by the Department of Homeland Security, Bureau of Citizenship and Immigration Services (BCIS), formerly the Immigration and Naturalization Service (INS). If you are a non-permanent resident alien, you must show that you are eligible to work in the U.S. by producing an Employment Authorization Document (EAD) issued by BCIS. 

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