Fha Loans Qualifying Current Fha Mortgage Rates Tx Current FHA Mortgage Rates vs. Current VA Mortgage Rates – Both Federal housing administration (fha) and veteran affairs mortgage loans are backed by the government and both are good alternatives to conventional loans for people with lower incomes. While the rules of handing out these types of loans are written by the government, it is still up to the.Is an FHA loan right for you? – If you have too much debt to qualify for a conventional mortgage, less than stellar credit scores or not much cash for a down payment, consider buying a home with an FHA loan. The Federal Housing.Fha Mortgage Eligibility Criteria How Much Mortgage Do I Qualify For Fha For example, the fha mortgage program requires a minimum borrower credit score of 580 as compared to a minimum credit score of 620 for other programs. Additionally, the FHA program allows lenders to use a higher debt-to-income ratio to determine what size mortgage borrowers qualify for.