FHA Loans – FHA Loan Requirements and Qualifying Guidelines. – FHA Loan Qualifying Summary. FHA loans are the easiest type of real estate mortgage loan to qualify for. The FHA loan requirement guidelines for loan qualification are the most flexible of all mortgage loans that require less than 5% down payment. basic fha loan requirements for 2015.Apply For Fha Mortgage Loan FHA Home Loans – Eligibility, Benefits & How to Apply – PennyMac – An FHA home loan is a mortgage insured by the Federal Housing Administration that can be a great option for buyers who wish to put down less than 20%. FHA loans also have less stringent guidelines than some other loan products for income and debt requirements, which makes it a popular mortgage for first-time homebuyers.FHA Property Appraisals Vs. Home Inspections – The FHA requires an appraisal before an FHA loan will be approved and can move to closing. The appraisal is designed to insure the property meets minimum standards, is safe and livable, and the appraisal also establishes a fair market value.