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If you’re ready to buy a home but don’t have enough saved for a traditional 20% down payment, consider a Federal Housing Administration (FHA)-insured mortgage. An FHA-insured mortgage allows for down payments as low as 3.5% of the purchase price!

However, the FHA has minimum property condition standards a property needs to meet to be eligible.

Here are the main conditions a property needs to meet to qualify for an FHA-insured mortgage:

  • adequate air and water heating;
  • no frayed or exposed electrical wires;
  • functional roofing which will last for at least two more years;
  • pedestrian and vehicular access, including paved access for emergency vehicles;
  • no significant structural damage;
  • bathrooms which include a toilet, shower and sink; and
  • functional basic kitchen appliances.
  • No significant safety hazards, including:
    • toxic waste;
    • soil contamination;
    • hazardous high-voltage wires or petroleum lines;
    • radio or transmission towers;
    • oil and gas wells;
    • asbestos; and
    • lead paint;
  • No nuisances, such as:
    • airport noise;
    • heavy traffic; and
    • other excessive noise.

As long as your home is safe, secure and stable, the FHA will likely not require you to repair every minor defect in the property. See the FHA’s complete list of property conditions in the HUD Handbook 4000.1, available at

Need help finding a home that qualifies? Call me today!