Become
an FHA
Loan Processor
or FHA
Loan Originator.
Learn at
your own
pace online
at
TrainingPro.com
when
you
register
for FHA
Training classes.
Training
Pro will
assist
you with
the skills
to build
a career
as a FHA
mortgage
processor.
We also offer continuing education classes
for FHA
loan officers.
Register
now for
FHA mortgage
training
classes
and get
certified
to process
FHA mortgages!
Frequently
Asked
Questions
About
FHA
The Federal Housing Administration (FHA) is a United
States government agency created as part of the National
Housing Act of 1934. The goals of this organization
are: to improve housing standards and conditions; to
provide an adequate home financing system through insurance
of mortgage loans; and to stabilize the mortgage market.
In order to qualify for an FHA housing loan, applicants
must meet certain criteria, including employment,
credit ratings and income levels. The specific requirements
are:
- Steady employment history, at least two years
with the same employer.
- Consistent or increasing income over the
past two years
- Credit report should be in good standing
with less than two thirty day late payments
in the past two years
- Any bankruptcy on record must be at least
two years old with good credit for the two
consecutive years.
- Any foreclosure must be at least three years
old
- Mortgage payment qualified for must be approximately
thirty percent of your total monthly gross
income or less.
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