TEXAS MORTGAGE BROKER · SINCE 2012
FHA Loans in Texas
Buying your first home in Texas? FHA loans make homeownership accessible with lower down payments and more flexible credit requirements.
What is an FHA Loan?
FHA loans are backed by the Federal Housing Administration and designed to help homebuyers who may not qualify for a conventional mortgage. They are especially popular with first-time buyers across Texas.
Texas FHA loan limits vary by county and are updated annually. In most Texas counties, the standard FHA limit allows you to purchase a home without needing the higher down payments that conventional loans may require.
Programs like the Texas State Affordable Housing Corporation (TSAHC) can be combined with FHA financing to provide down payment assistance for qualifying buyers. I can help you explore whether you are eligible for these additional Texas-specific benefits.
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Low Down Payment
FHA loans require as little as 3.5% down, making homeownership more achievable for buyers who have not saved a large down payment.
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Flexible Credit Standards
FHA guidelines allow for lower credit scores than conventional loans. If your credit is not perfect, FHA may be the right path forward.
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Competitive Rates
Because FHA loans are government-backed, they typically come with competitive interest rates that keep your monthly payment manageable.
General FHA Loan Requirements
✓ Minimum 3.5% down payment (or 10% with credit scores below 580)
✓ Upfront mortgage insurance premium (UFMIP) of 1.75% of loan amount
✓ Monthly mortgage insurance premiums (MIP) for the life of the loan in most cases
✓ Property must meet FHA minimum property standards
✓ Must be a primary residence
Is an FHA Loan Right for You?
I will walk you through the numbers and help you decide if FHA is the best option for your Texas home purchase.
Anthony Ferrando | Ferrando Financial LLC | NMLS# 2403080