Texas FHA Loans
FHA loans are a popular choice for Texas homebuyers, especially first-time buyers, thanks to their low down payment requirements and flexible credit guidelines. Learn how an FHA loan can help you achieve homeownership with our homebuyer guide.
Benefits of FHA Loans
- Down payment as low as 3.5%
- Credit scores accepted from 580
- Gift funds allowed for down payment
- Higher debt-to-income ratios accepted
- Lower closing costs than conventional loans
- Assumable loans (can be transferred to a buyer)
FHA Loan Requirements
Credit Score580+ for 3.5% down / 500+ for 10% down
Down Payment3.5% minimum (10% if credit under 580)
Debt-to-IncomeUp to 50% with compensating factors
Property TypePrimary residence only
Loan LimitsVaries by Texas county ($472,030 - $1,089,300)
Mortgage InsuranceRequired (upfront + annual)
The FHA Loan Process
1
Pre-Approval
Get pre-approved to know your budget
2
Find a Home
Shop for homes within your price range
3
Apply & Underwrite
Submit documents and get approved
4
Close & Move In
Sign papers and get your keys
Related Loan Programs
Helpful Resources
Need Help?
Our FHA loan specialists are ready to answer your questions and guide you through the process.
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