Is it easy to get approved for an FHA mortgage? Well, yes and no. It is often easier to get approved for 
an FHA mortgage than a conventional mortgage but many of the guidelines for FHA financing have tightened up in recent years too. FHA is still the way to go if you don't fit into the strict guidelines of conventional financing.
There are lots of reasons to ask your lender for an FHA loan instead of taking a conventional loan. The three main benefits of an FHA loan are as follows....
Easier to Qualify - Because FHA insures your mortgage, lenders are more willing to give loans with lower qualifying requirements so its easier for you to qualify.
Less than Perfect Credit - Even if you have had credit problems, such as bankruptcy, its easier for you to qualify for an FHA loan than a conventional loan. FHA loans are available for those with credit scores as low as 580.
Low Downpayment - FHA loans have a low 3.5% downpayment, and that money can come from a family member, employer or charitable organization. Other loans don't allow this.
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