FHA Loan for Condos
If the FHA Loan for Condos is on your radar for 2026, here is how it works, who it fits, and what to watch for.
How it works
FHA condo loans require the project to be FHA-approved or qualify for single-unit approval, which permits FHA financing in otherwise non-approved projects under certain occupancy limits.
Key things to know
- Minimum 3.5% down with a 580+ credit score (10% down for 500-579).
- Loan amounts are capped by your county FHA limit — $541,287 floor up to $1,249,125 in high-cost areas.
- FHA mortgage insurance applies; budget the 1.75% upfront premium plus annual MIP.
- The home must be your primary residence and meet FHA's minimum property standards.
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Frequently Asked Questions
- What is the FHA Loan for Condos?
- FHA condo loans require the project to be FHA-approved or qualify for single-unit approval, which permits FHA financing in otherwise non-approved projects under certain occupancy limits.
- What credit score and down payment are required?
- Like other FHA loans, 580+ qualifies for 3.5% down; 500-579 requires 10% down.