FHA Loan Qualifying Summary for Meridian, Idaho

• Two Years of steady employment, preferably with same employer.
• Last two years income should be the same or increasing
• Credit report should typically have less than two thirty day lates
• Bankruptcy's must be at least two years old, with good credit since.
• Foreclosure's must be at least three years old, with good credit since.
• Your new mortgage payment should be approximately 30% of your income.