Can anyone get a FHA loan or is that just for people that don't qualify for a conventional loan?

Anyone can apply for an FHA loan...doesn't necessarily mean you could not qualify for a conventional.

Although it is true that most people that get an FHA loan do not qualify for a conventional loan, there are several reasons why someone might want to use FHA rather than a conventional loan. The best advice I can give is to work with a seasoned Mortgage Professional and ask them to help you understand which loan product is best for your situation, and why. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

An FHA Loan is for anyone. Historically it has been popular with first time home buyers due to the smaller 3.5% down payment requirement, or weaker credit situations allowed. For example, if you have a foreclosure, there is only has a 4 years on for a new FHA loan, while a new conventional loan has a 7-year waiting period. Conventional has had an even smaller down payment requirement for first time buyers of just 3% for a long time now too, taking away a fair chunk of FHA loans. There are many reasons why a Loan Officer, after a review of your application will go FHA or Conventional. I offer both FHA and Conventional loans in MN WI IA ND SD, and can be found at JoeMetzler.com - NMLS 274132