FHA Loans in Tampa, FL — A 2026 Educational Guide

Tampa, Florida sits in Hillsborough County with a median home value around $365,000. This educational guide explains how FHA loans work in the Hillsborough County market and what Tampa homebuyers should compare before signing with any lender.

FHA loan limits and local context for Tampa

• County: Hillsborough County
• Tampa median home value: $365,000 source (verify against current local MLS)
• County effective property tax rate: 1.09% source
• 2026 FHA loan limit (Hillsborough County, 1-unit): $524,225 source (verify against HUD county lookup before publish)
• 2026 FHA loan limit (Hillsborough County, 4-unit): $1,006,850 source
• Tampa permit / inspection office: https://www.tampa.gov/construction-services/permits-inspections
• HUD-approved housing counselors near Hillsborough County: https://www.hud.gov/states/florida/homeownership/hsgcounselors

Tampa neighborhoods this guide addresses: Hyde Park, Seminole Heights, Davis Islands, Westchase, Ybor City.

Tampa's housing stock divides cleanly: pre-1960 bungalows in Hyde Park, Seminole Heights, and Ybor (real plaster, cast-iron plumbing, original pine flooring under the carpet) versus post-1985 suburban builds in Westchase and New Tampa. Older homes inside Davis Islands and Hyde Park face an extra layer of cost from historic-district review when scope touches exterior elevations.

Important: estimates only

All values shown on this page are estimates intended for educational use only. Property values, tax rates, FHA loan limits, insurance premiums, program eligibility, and lender pricing change frequently. Always verify current values with your Tampa or Hillsborough County official sources before relying on any number for a financial decision. The Hillsborough County Property Appraiser, the HUD county loan-limit lookup, the Florida Department of Revenue, and your chosen Florida-licensed lender each publish authoritative current values. Use the figures on this page as a starting point for planning, not as the basis for any binding financial commitment.

Estimate your FHA payment in Tampa

For a buyer purchasing at Tampa's median home value of $365,000 with an FHA loan at 3.5% down, a rough monthly cost breakdown looks like this — illustrative only, not a quote from any lender. FHA mortgage-insurance figures used below come from the HUD program rules source:

• Property tax escrow at the Hillsborough County rate of 1.09%: about $3,978/year, or roughly $331/month
• Homeowners insurance escrow (typical Florida non-HVHZ range): $334–$577/month
• FHA monthly MIP on a 96.5% LTV loan: roughly $161/month for the first 11+ years
• Upfront MIP on this loan size: about $6,163 (usually financed into the loan balance)
• Principal + interest depends on the specific rate quoted by the chosen lender

These numbers are anchored to Tampa's Hillsborough County property tax rate and Florida insurance market context. Adjust the calculator above for the actual home price, down payment, credit score, and interest rate offered. The Loan Estimate provided by a lender supplies the binding figures, not these illustrations.

The Federal Housing Administration (FHA) is a U.S. government agency, established in 1934 and now part of the Department of Housing and Urban Development (HUD), that insures mortgages issued by approved private lenders. An FHA loan is a mortgage where the federal government guarantees the lender against loss if the borrower defaults — a guarantee that allows lenders to accept lower down payments, lower credit scores, and higher debt-to-income ratios than they would for a conventional loan.

FHA does not lend money directly. Borrowers work through banks, credit unions, and licensed mortgage companies that participate in the FHA program. The insurance fee that funds this guarantee is paid by the borrower as mortgage insurance, which is covered in detail below.

Who FHA loans were designed to serve

FHA loans were created in response to the Depression-era housing crisis, when most mortgages required 50% down and were due in full within a few years. Modern FHA loans serve a different market but the underlying idea is the same: lower the barrier to homeownership for buyers who would otherwise struggle to qualify under conventional underwriting.

Typical FHA borrowers include first-time homebuyers, buyers with limited cash for a down payment, borrowers rebuilding credit after a hardship, and buyers in higher-cost areas where the price-to-income ratio makes a 20%-down conventional purchase difficult. FHA loans are not means-tested — there is no household-income ceiling — but the loan limits and property requirements naturally favor the lower-to-middle end of a local market.

Loan limits

FHA sets maximum loan amounts each year, and the cap varies by county based on local median home prices. In low-cost counties the limit is the national "floor"; in high-cost counties it can be substantially higher, up to a "ceiling" that adjusts annually. The current year's county-specific limit is shown in the city-data block above this section.

You can also look up any U.S. county's FHA limit on the official HUD lookup tool source. If the home under consideration is priced above the county limit, an FHA loan is not an option — a conventional loan, a jumbo product, or a larger down payment to bring the financed amount under the cap would be required instead.

Down payment and credit considerations

FHA's published down-payment minimum is well known: 3.5% of the purchase price for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may still qualify but must put 10% down. Borrowers below 500 generally do not qualify under FHA's standard program.

Down-payment funds may come from a borrower's own savings, from a documented gift from a family member or close personal source, or from a recognized down-payment-assistance program. Gift funds must be properly documented and cannot be a loan in disguise.

These are FHA's program minimums. Individual lenders may set tighter standards — what the industry calls "overlays." One lender might require a 620 minimum credit score even though FHA itself allows 580; another might require larger reserves of savings post-closing. Two lenders evaluating the same borrower under FHA rules can reach different decisions, which is one of the practical reasons to compare offers from at least three lenders before signing anything.

Mortgage insurance (MIP)

Because FHA insures the loan against borrower default, every FHA borrower pays for that insurance. There are two components:

• Upfront MIP: 1.75% of the loan amount, paid at closing or financed into the loan balance.
• Annual MIP: a percentage of the outstanding loan balance (currently between 0.15% and 0.75% depending on loan size, term, and loan-to-value ratio), divided into 12 monthly installments.

For most FHA loans originated today, MIP is payable for the life of the loan if the original down payment was less than 10%. If the down payment was 10% or more, MIP can be cancelled after 11 years. The Consumer Financial Protection Bureau publishes detailed, lender-neutral homeownership guides that explain how MIP interacts with refinancing decisions source.

MIP is not the same as private mortgage insurance (PMI), which applies to conventional loans. PMI cancels automatically once the loan reaches 78% of the original home value, or sooner upon written request at 80% loan-to-value with a strong payment history. Understanding the difference matters when comparing the long-term cost of an FHA loan against a conventional alternative.

Property and appraisal requirements

A home being purchased with an FHA loan must meet HUD's Minimum Property Standards. An FHA-approved appraiser inspects the property for both market value and habitability — checking for safety issues such as exposed wiring, peeling lead-based paint in pre-1978 homes, structural problems, water damage, and proper functioning of major systems.

This is stricter than a conventional appraisal, which focuses primarily on market value. Sellers in some markets occasionally decline FHA offers because of concerns about repair demands; that can affect negotiating posture. Buyers using FHA should plan for the possibility that the appraiser will identify items that must be repaired before closing, or items that can be handled via a permitted repair-escrow.

Eligible property types include single-family homes, manufactured homes meeting HUD standards, 2-to-4-unit properties where the buyer occupies one unit, and condominiums in FHA-approved projects. Vacant land, investment-only properties, and most second homes are not eligible under the standard FHA program.

FHA versus conventional — a neutral comparison

There is no single answer to which is better. Each loan type fits different financial situations.

Situations where FHA tends to be advantageous:

• Credit scores between 580 and 680
• Less than 5–10% available for a down payment
• Higher debt-to-income ratios within FHA's allowed range
• Properties that may need cosmetic repairs (FHA financing can include a repair escrow)

Situations where conventional may be advantageous:

• Strong credit (740+), which lowers both the interest rate and the mortgage-insurance cost
• 20%-or-more down payment, which eliminates mortgage insurance entirely
• Properties priced above the county FHA limit
• Condos in projects that have not pursued FHA approval

The numeric comparison depends on the specific loan amount, interest rate, MIP factor, and how long the borrower plans to own the home. The calculator on this page can model the monthly payment difference for a particular property and down-payment scenario. Running the numbers under both programs — and getting written quotes from lenders for each — is the only reliable way to compare.

When FHA may not be the right tool

FHA loans have caps and constraints. They are not the right tool for:

• Investment-property purchases (owner-occupancy is required)
• Vacation homes and most second homes
• Properties above the county loan limit
• Condos in projects that have not pursued FHA approval
• Buyers planning to sell or refinance within 2–3 years (the upfront MIP makes a very short hold inefficient)

For borrowers in any of those situations, conventional, VA (if eligible), USDA (in eligible rural areas), or jumbo financing may be more appropriate. HomeWise does not originate loans, so this section is not steering you toward any product — it is intended to help frame the right questions when you speak with multiple lenders.

Comparing lenders is essential

Two practical points worth holding onto:

1. Rates and fees vary between lenders, even on the same FHA program. Origination fees, discount points, lender credits, and overlay-driven approval thresholds all differ. Side-by-side quotes from at least three lenders are the only reliable way to see the true cost difference on the loan being offered.

1. The lowest advertised rate is rarely the lowest total cost. Compare the APR, the total closing costs, and the monthly payment from three or more lenders' written Loan Estimates side by side. Federal rules require lenders to provide a Loan Estimate within three business days of a complete application, and the form is standardized to make comparison straightforward.

This is intentionally not an endorsement of any particular lender or broker. An informed borrower comparing multiple options will reach a better decision than one steered toward a single channel.

Where to learn more

The HUD borrower-resource pages are the definitive source for current FHA loan limits, MIP factors, and program rules. The Consumer Financial Protection Bureau also publishes comprehensive lender-neutral homebuyer materials that complement the educational content on this site.

This section is provided for educational purposes only. HomeWise does not originate, broker, or service loans. Loan terms, rates, and eligibility depend on individual circumstances and on the policies of the lender chosen. Always read the Loan Estimate and Closing Disclosure provided by the lender, and consider speaking with a HUD-approved housing counselor if a neutral review is preferred before signing.

FHA appraisal considerations for Tampa properties

FHA appraisers in Tampa apply the same federal Minimum Property Standards used nationwide, but local building stock and climate create predictable patterns of findings. Knowing what an FHA appraiser is likely to flag in Tampa can save weeks of back-and-forth.

Wind and flood considerations. Outside HVHZ; coastal-exposure wind-load code (FBC Chapter 16) applies west of I-275. Flood-zone overlay along the Bay shoreline and Hillsborough River. FHA appraisers do not determine flood-zone status themselves, but properties in mapped Special Flood Hazard Areas require flood insurance as a closing condition. For coastal-exposure Tampa properties, the appraisal may also flag missing wind-rated openings, deteriorated roof tie-downs, or storm-shutter requirements depending on the specific zone.

Older housing stock issues. Tampa's housing stock divides cleanly: pre-1960 bungalows in Hyde Park, Seminole Heights, and Ybor (real plaster, cast-iron plumbing, original pine flooring under the carpet) versus post-1985 suburban builds in Westchase and New Tampa. Older homes inside Davis Islands and Hyde Park face an extra layer of cost from historic-district review when scope touches exterior elevations.

For FHA specifically, the appraiser will look for: peeling lead-based paint in homes built before 1978; visible plumbing or electrical defects (cast-iron drain stacks past useful life, missing GFCI in wet locations, exposed knob-and-tube fragments); roof condition with at least two years of remaining useful life; functioning HVAC and water heater; absence of active wood-destroying organism activity; and any structural concerns.

Practical sequencing. Buyers in Tampa using FHA often do better commissioning a pre-purchase home inspection through a licensed Florida home inspector (https://www.myfloridalicense.com/wl11.asp) BEFORE the FHA appraisal occurs. Surprise items discovered first at FHA appraisal can delay closing or require seller-paid repairs, which sellers in competitive Tampa sub-markets sometimes decline.

Homeowners insurance considerations for Tampa

Florida homeowners insurance is significantly more expensive than the national average and has been notably volatile over the past several years. Tampa buyers should treat the insurance line on a Loan Estimate as a real budget item, not a footnote.

Key Florida insurance factors that affect FHA borrowers:

• Wind and flood coverage are usually separate from standard policies. Outside HVHZ; coastal-exposure wind-load code (FBC Chapter 16) applies west of I-275. Flood-zone overlay along the Bay shoreline and Hillsborough River.
• Citizens Property Insurance Corporation (Florida's state-backed insurer of last resort) writes a meaningful share of policies in coastal Florida counties, including parts of Hillsborough County. Citizens premiums can be assessed for solvency surcharges in active hurricane years source.
• Lender-required policies on FHA loans must include dwelling coverage equal to the replacement cost or the unpaid loan balance. Some insurers in Hillsborough County write only on a 'named perils' basis rather than 'all risks,' which can affect what counts as a covered loss.
• Flood insurance through the NFIP is required by FHA (and by federal law) for any home in a Special Flood Hazard Area. Tampa has several SFHA-mapped zones; verifying the home's flood-zone designation before going under contract is more practical than discovering it during underwriting source.

Plan to get insurance quotes from three or more Florida-licensed carriers in parallel with lender shopping. Insurance premium swings of $1,000+/year between carriers on the same property are common in Florida, and the monthly escrow figure on a Loan Estimate is built directly from the policy quote supplied to the lender.

How Tampa's cost base affects FHA borrowers

Based on tracked construction, materials, and labor costs, the Tampa market runs about 10% above the U.S. national average (cost multiplier 1.10). For an FHA borrower this matters in two specific ways:

1. Appraised value vs. purchase price. Tampa's cost base typically supports the appraised values shown in stable Hillsborough County neighborhoods. But in fast-moving micro-markets like Hyde Park or Seminole Heights, an offer price that runs ahead of recent comparable sales can produce an appraisal gap. FHA borrowers cannot finance above appraised value — any gap has to be covered out of pocket or renegotiated with the seller.

1. Repair-escrow and 203(k) project budgets. If the FHA appraiser identifies repairs that the buyer wants to roll into the loan via FHA's 203(k) program, the budget should reflect Tampa contractor pricing, not generic national estimates. Hillsborough County permit fees, prevailing labor rates, and material delivery costs are real line items, and underestimating them stalls projects mid-renovation.

When comparing Loan Estimates from Florida-licensed lenders, ask each lender how they handle appraisal gaps on FHA contracts in Hillsborough County specifically — practices vary, and the answer affects what happens if the appraisal comes in low.

FHA considerations across Tampa's major neighborhoods

Hyde Park. Median values in Hyde Park trend well above the Hillsborough FHA loan limit, putting many transactions out of FHA range. Older historic-district homes (pre-1930) face additional FHA appraisal scrutiny on knob-and-tube wiring, lead paint, and pre-code plumbing — most of which can be addressed but extend the closing timeline.

Seminole Heights. Seminole Heights bungalows (1920s–1940s) routinely come in within FHA loan limits but often need pre-purchase work to clear FHA Minimum Property Standards: peeling paint, roof age, electrical panel updates. Sellers in active sub-markets sometimes decline FHA offers expecting these findings; buyers can offset that with a strong inspection-contingency strategy.

Davis Islands. Davis Islands is largely waterfront with significant Special Flood Hazard Area mapping. Federal flood insurance through the NFIP is virtually guaranteed to be required, and premiums vary sharply by exact flood-zone designation. Verify the FEMA flood-zone before going under contract.

Westchase. Westchase post-1985 construction is the easiest FHA territory in Tampa: newer building stock, established HOAs, and home values often within FHA loan limits. FHA appraisal findings are typically light. Condo and townhome buyers should verify the project is FHA-approved on the HUD lookup tool before making an offer.

Ybor City. Ybor City has a substantial inventory of historic-district multifamily and converted commercial buildings. FHA financing on Ybor properties is possible but often complicated: historic-district review, condo-project FHA approval status, and mixed-use zoning all require pre-offer verification. Allow extra time for FHA underwriting on Ybor transactions.

Florida Homestead Exemption and FHA escrow in Tampa

Florida's Homestead Exemption is one of the most consequential property-tax features for Tampa homeowners — and for FHA borrowers specifically, it changes how the lender calculates the escrow line on the Loan Estimate. Understanding the timing matters.

The exemption itself. Florida grants a $25,000 exemption on the first $50,000 of assessed value for any property used as a primary residence on January 1 of the tax year, plus an additional $25,000 exemption on assessed value between $50,000 and $75,000 for non-school taxes. The exemption is filed with the Hillsborough County Property Appraiser; the application deadline is March 1 of the year following the year of purchase. Once granted, the exemption persists as long as the home remains the owner's primary residence source.

Save Our Homes cap. After the first year of homesteaded ownership, Florida caps annual increases in the assessed value at 3% per year (or the change in CPI, whichever is lower). This is why long-term Tampa homeowners often pay dramatically lower property taxes than recent buyers of similar properties — the assessed values diverge over time even though market values track together. For a home held over many years in Hillsborough County, this cap can become the single largest factor in the total cost of ownership.

Escrow timing for FHA buyers. FHA loans require the lender to escrow for property taxes and insurance as part of the monthly payment. In year 1 of ownership, the escrow is calculated against the full assessed value (effectively the purchase price for a recent sale), before the Homestead Exemption applies. Once the exemption is filed and processed, year-2 escrow drops to reflect the lower taxable value. Lenders are required to perform an annual escrow analysis and refund any over-collection — buyers in Tampa should expect this adjustment and not be surprised by the year-1 vs year-2 payment difference.

Confirm current exemption rules and filing requirements through the Hillsborough County Property Appraiser before relying on any specific tax estimate.

HUD-approved housing counselors serving Tampa

A HUD-approved housing counselor is a different kind of professional than a real estate agent, a mortgage loan officer, or a financial advisor — and the difference matters for Tampa buyers who want a neutral perspective.

What HUD-approved counselors are. They are nonprofit organizations whose counseling activities are reviewed and approved by the U.S. Department of Housing and Urban Development, with funding from HUD grants and other public sources. That funding model is the key feature: most counseling services are free or offered on a sliding scale, and the counselor's role is education — not loan placement, not commission. The counselor has no economic stake in whether a household ultimately borrows, or whom they borrow from.

What services typically cover. Pre-purchase counseling (often delivered as group education plus one-on-one sessions): how mortgages work, what a Loan Estimate contains, how down-payment-assistance programs interact with FHA, how to budget for the true monthly cost of ownership including escrowed taxes and insurance. Post-purchase counseling: rights and obligations of a homeowner, escrow management, refinancing decisions. Foreclosure-prevention counseling and rental counseling are also commonly offered.

Why this matters for FHA buyers in Tampa. Some down-payment-assistance programs available in Hillsborough County require completion of an approved pre-purchase counseling course before funds can be released. Even when counseling is not required, attending a session can surface budget realities (FL insurance costs, year-1 vs year-2 escrow swings under the Homestead Exemption, FHA appraisal repair contingencies) before the household is locked into a contract.

The HUD locator for approved counselors serving the Hillsborough County area is published by HUD source. Counseling is one of the few resources in the housing process that is genuinely free of transaction-tied incentives.

Florida Housing Finance Corporation programs in Hillsborough County

The Florida Housing Finance Corporation (commonly called Florida Housing) administers state-level homebuyer assistance programs that frequently pair with FHA loans. These are educational notes on what exists in Florida; eligibility and current program terms are set by Florida Housing and change periodically source.

Bond-backed first-mortgage programs. Florida Housing's first-mortgage programs use tax-exempt bonds to offer below-market interest rates to eligible first-time homebuyers. The programs layer onto FHA, VA, USDA, and conventional loans — meaning the underlying loan is still originated by a participating private lender, but the rate reflects Florida Housing's bond pricing rather than the lender's standard pricing. Whether the program is available in any given month depends on bond-issuance timing.

Down-payment and closing-cost assistance. Florida Assist and the Florida Homeownership Loan Program provide deferred-payment second mortgages that can cover the FHA 3.5% down payment and a portion of closing costs. These second mortgages typically carry no monthly payment and are due upon sale, refinance, or end of the first mortgage. Eligibility is income-limited and home-price-limited.

Targeted program populations. Florida Housing administers several special-purpose programs: Hometown Heroes (essential workers including teachers, law enforcement, firefighters, nurses, and others) and Salute Our Soldiers (active duty, reserve, and veteran military households). These programs have their own eligibility rules and may stack with FHA financing.

Mortgage Credit Certificate (MCC). Separate from down-payment assistance, the MCC is a federal income-tax credit (not a deduction) on a percentage of mortgage interest paid each year. For eligible first-time buyers, the MCC can reduce annual federal income tax liability for as long as the home is owned and used as a primary residence.

Hillsborough County coordination. Several Florida counties, including Hillsborough County, administer their own complementary down-payment-assistance programs alongside Florida Housing's statewide offerings. Program availability and lender participation change year to year; current rules are published by Florida Housing and by the Hillsborough County housing office.

Frequently asked questions — FHA loans in Tampa

FHA program rules referenced in these answers come from the HUD FHA program page source.

What is the 2026 FHA loan limit in Hillsborough County? For a single-family home, the limit is approximately $524,225 (verify against the current HUD county-lookup tool). If the home being purchased is priced above the limit, FHA is not an option — conventional, jumbo, or a larger down payment to bring the financed amount under the cap would be required.

Can FHA financing be used for a Tampa condo? Only if the condo project itself is FHA-approved. Many Tampa downtown high-rises and waterfront condos have not pursued FHA approval, which is a project-level decision made by the HOA, not by individual buyers. The HUD condo-project lookup confirms approval status before an offer is made.

Are FHA appraisers stricter on flood-zone properties in Tampa? The appraiser does not determine flood-zone status, but if the home is in a Special Flood Hazard Area, FHA (and federal law) require flood insurance as a closing condition. NFIP premiums depend on the exact zone designation, so verifying flood status before going under contract avoids surprises at underwriting.

Can a down-payment assistance program be used with an FHA loan in Tampa? Yes. Florida Housing Finance Corporation programs and county-administered programs in Hillsborough County can layer with FHA financing. Lenders vary in which DPA programs they are approved to deliver, so confirm program compatibility with each of the three or more lenders being compared.

What if the Tampa home being purchased needs repairs the FHA appraiser flags? Two paths exist: (a) the seller completes the repairs before closing (negotiable), or (b) the buyer uses an FHA 203(k) renovation loan that finances the repair budget into the mortgage. The 203(k) path adds complexity and longer closing timelines but can be the right tool for cosmetically dated or partially-renovated Tampa properties.

Are FHA rates different in Tampa than in other parts of Florida? Mortgage rates are set per loan based on the borrower's credit profile, down payment, loan amount, and the lender's pricing — not by city. Florida lenders generally apply consistent state-wide pricing for FHA loans, so the differences between lenders matter much more than the differences between Florida cities. What does change city to city is the FHA loan limit (set per county), the property tax rate (set per county), the prevailing insurance market, and the housing-stock issues an FHA appraiser is likely to flag in Tampa specifically — all of which this guide addresses in the sections above.

FHA Buyer's Guide

Next steps for Tampa homebuyers

1. Verify the current Hillsborough County FHA loan limit using the official HUD county-lookup tool. Limits are updated annually and supersede any value shown above.
2. Check the Tampa permit and inspection office if evaluating a home that may need repairs. FHA appraisals are stricter than conventional appraisals, and Tampa's housing stock includes older neighborhoods where pre-purchase findings are common.
3. Request written Loan Estimates from three or more lenders licensed to operate in Florida. Federal rules require a Loan Estimate within three business days of a complete application.
4. Consult a HUD-approved housing counselor in the Hillsborough County area for a neutral pre-purchase review. The counselor's role is education, not loan placement.

Related HomeWise resources

• FHA Buyer's Booklet
• First-Time Buyer Guide for Tampa
• Tampa city overview

More HomeWise guides

FHA loans in other Florida cities:

• FHA Loans in Jacksonville, FL
• FHA Loans in Miami, FL
• FHA Loans in Orlando, FL
• FHA Loans in Tallahassee, FL

Tampa-area educational guides:

• Tampa first-time homebuyer guide

About HomeWise. HomeWise is an educational publisher and reference website. HomeWise is NOT a financial institution, mortgage lender, mortgage broker, loan servicer, real estate agent, or financial advisor. HomeWise does NOT originate, broker, arrange, refer, or service any loan, mortgage, or other financial product, and HomeWise is not affiliated with any lender, broker, originator, servicer, or financial-services company. The information on this page is published for educational purposes only and does not constitute financial, legal, tax, or investment advice.

About the information you share. Any information you choose to share with HomeWise (such as name, email address, or phone number) is collected solely to deliver the specific educational materials you request and, if you opt in, to send periodic educational updates over time. HomeWise does NOT sell, share, transfer, or otherwise make your information available to any lender, broker, real estate agent, marketer, data broker, or other third party for any commercial purpose. Every email HomeWise sends includes a one-click unsubscribe link; opting out of educational updates is immediate and permanent.

The Tampa and Hillsborough County data referenced above is published as a starting point — always confirm current values via the official county source linked above. Consider speaking with a HUD-approved housing counselor for a neutral review before signing any loan documents. Loan terms, FHA approval, and eligibility depend on individual circumstances and on the policies of the lender you choose; HomeWise has no role in any such decision.