DRA Homes Chat: Do I Make Too Much Money To Get An FHA Loan?

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Do I Make Too Much Money To Get An FHA Loan?

Do I make too much money to get an FHA Loan?

The answer is NO!  There are no minimum or maximum income limits for buyers looking for a new FHA mortgage loan.  

The qualifying process for FHA loans focuses on the borrower's ability to repay the loan and there is not a minimum or maximum income scale.

However, there are LOAN LIMITS for FHA for each county across the country. This means that within each geographic area, there are maximum LOAN AMOUNTS that FHA will guarantee.

In the Atlanta Metropolitian Statiscal Area the FHA loan limit is $342,700 for a single family home.  

Read more... 

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Jenna Dixon
Associate Broker

55+ Realty Advisor | Accredited Buyer Representative |
Certified Skilled Negotiator

DRA Homes Real Estate
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Email: JennaDixon@Outlook.com
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Comment balloon 3 commentsJenna Dixon • February 21 2016 12:36PM

Comments

Great blog. This will help buyers looking for FHA financing. 

Posted by Les & Sarah Oswald, Broker, Realtor and Investor (Realty One Group) over 2 years ago

Excellent point Jenna.  Buyers do get confused by this all the time!

Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) over 2 years ago

Every once in awhile I am taken off guard by a question and I try to answer for everyone right away.

Posted by Jenna Dixon, Empowers You With a Better Real Estate Experience (DRA Homes | Cobb County Real Estate ) over 2 years ago

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