What do you need to qualify for a FHA loan? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Millions of people have utilized the FHA loan since the Federal Housing Authority introduced this program in 1934. Many home buyers like the program, because the requirements for down payments are lower than with traditional mortgages making this program feasible for people who may not otherwise be able to own a home.

The calculator tells you that you need to make $133,000 a year in order to qualify for a $350,000 loan. You can experiment with the above calculator, entering different loan amounts, monthly obligations and interest rates, until you see a minimum income requirement in your range.