- Apply Now
- Home Loans
-
Buy A Home
- Refinance
- Mortgage Process
- Nationwide Lenders
- Find a Home
- Find a Loan
- Articles
- Contact Us

- PROGRAMS -

- No Money Down
- Conventional
- Pre-Approvals
- 103% home loans
- 100% home loans
- 97% home loans

- VA home loans
- FHA home loans

- Jumbo Mortgages
- Construction Loans
- Improvement Loans
- Bridge Loans
- Interest Only Loans

Texas FHA Loans
Buying a Home using a FHA Loan


The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:

Minimal Down Payment and Closing Costs

  • Downpayment less than 3% of Sales Price
  • 100% Financing options available*
  • Gift for downpayment and closing costs allowed.
  • No reserves or required.
  • FHA regulated closing costs.
  • Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

  • No minimum FICO score or credit score requirments.
  • FHA will allow a home purchase two years after a Bankruptcy.
  • FHA will allow a home purchase three years after a Foreclosure.

Easier Debt Ratio & Job Requirement Guidelines such as:

  • Higher Debt Ratio's than other home loan programs.
  • Less than two years on the job is allowed.
  • Self-Employed individuals o.k.

These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers.

You do not have to be a first time buyer to obtain a FHA loan, anyone may use a FHA loan as long as you do not have more than one FHA insured loan at any one time.

 

South: Beaches, Rehoboth, Bethany, Lewes, Fenwick North: Wilmington Central: Dover Fairfield: Central: Hartford, New Haven Eastern CT: Norwich, New London, Putnam South Suburbs, Littleton, Englewood Eastern Suburbs: Aurora, Kiowa Fort Collins, Loveland, Greeley, Northeast CO West Suburbs: Evergreen, Lakewood, Golden Colorado Springs Woodland Park, Manitou Springs Northern Suburbs: Westminster, Arvada Southwest: Durango, Pagosa Springs Southeast: Pueblo Denver Northeast: Boulder, Fort Collins, Greeley Aspen, Vail, Steamboat Springs Northwest: Grand Junction River Valley, Fort Smith Central Arkansas, Little Rock Delta Region, Eastern Arkansas Timberlands, Southwest Arkansas The Ozarks Ouachitas, Western Arkansas Sun City, Glendale, Wickenburg Scottsdale Yuma Mohave, Havasu City, Bullhead, Kingman Santa Cruz: Green Valley, Tubac Flagstaff Cottonwood, Heber, Payson, Yarnell Pinetop, Show Low, White Mountains Metropolitan Phoenix Prescott Tempe, Mesa, Gilbert, Chandler Tucson, Pima Co. Southeast Alaska Southwest Alaska North Alaska Alaskan Peninsula & Kodiak Isl. Anchorage Fairbanks North Alaska Greater Birmingham Alabama Northern Alabama Southeast Alabama Southwest Alabama, Gulf Coast

 

 
Home Loans - Apply Online - Texas Real Estate - Contact Us - Site Map
www.Texashomeandloan.com (c) Copyright 2001-2012