Maximum Income restrictions for FHA Loans

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035


Maximum Income restrictions for FHA Loans

There are no maximum income restrictions or limitations for FHA Loans.  We felt it was important to discuss this briefly since many people think FHA Loans are just for Low Income buyers, or First Time Home Buyers.   Nothing could be further from the truth.  

FHA Loans do not have a maximum income restriction.  As well, you do not have to be a First Time Home Buyer to qualify for FHA Loans.  FHA Loans were created with the mission to help Americans to purchase a home with a lower down payment than conventional or conforming alternatives, and to have affordable refinance options. 

Since the FHA's mission is to foster affordable housing for Americans, it does allow some things that Conventional loans do not at this time. 


  • FHA Loans require 3.5% down payment 
  • Down Payment can be from your own funds or gift funds from immediate family
  • FHA Loans allow credit scores as low as 620
  • FHA Loans have competitive 30 year fixed rates and low 5yr fixed rates are available too
  • FHA Loans offer Refinance options beyond Conforming loan options
  • FHA Refinance loans allow you to consolidate a first and second mortgage
  • You can only have one FHA loan at a time (with very few exceptions)


Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 866-900-2342 for help with your FHA or VA loan. We offer FHAFHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans:California,Southern CaliforniaLos Angeles, San Diego, San Jose, San Francisco, Santa Monica, Pasadena, Brea, Diamond, Long beach, Huntington beach, Irvine, Costa Mesa, Hollywood, North Hollywood, San Mateo, ventura, Riverside, Oakland, Fremont, Sunnyvale, Santa maria, Oceanside, Vista, Escondido, Los Angeles, Rancho Bernardo, Poway, San Marcos, Carmel, Monterey, Santa Barbara, Santa Cruz, and all areas in between. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).


VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types.


 

 

 

 

 

 

 

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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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