FHA Mortgage

Become a Homeowner with an FHA Loan

Federal Housing Authority (FHA) loans are great for first-time homebuyers and people who want an easy approval process.

FHA loans have relaxed qualifying standards and offer reasonable terms to people with lower credit scores, and even bankruptcy, because they are insured by the government. If you’re on the road to rebuilding your credit, an FHA loan may be the right choice for you.

FHA loans keep interests rates low to make buying a home as affordable as possible, even with less-than-perfect credit. There are always fees when taking out a mortgage, but FHA loans keep these low as well.

Do you qualify for an FHA loan?

While Texas FHA Mortgage is specifically designed for people with less-than-perfect credit, there are still some general requirements you’ll have to meet. The best way to see if you qualify is to contact a loan expert at TexasLending.com, but here is some info about FHA loan qualifications to study in the meantime.

  • FICO score of at least 600
  • Documentation of your income with pay stubs or tax returns
  • Purchasing primary residence (not applicable for rentals, vacation homes, etc.)
  • No defaults on any government loans, have unpaid taxes, or any federal debt

There are many more benefits to financing your home with an FHA home loan. It’s definitely worth looking into to see if you qualify.

Speak with a loan expert from TexasLending.com today!

 

Current Rates

VA Purchase
30 Year Fixed

As of: November 17, 2017

3.750%
RATE
3.989%
APR

Rate/Term Refinance
30 Year Fixed

As of: November 17, 2017

3.500%
RATE
3.679%
APR

Rate/Term Refinance
15 Year Fixed

As of: November 17, 2017

2.750%
RATE
3.083%
APR

Cash Out Refinance
30 Year Fixed

As of: November 17, 2017

4.000%
RATE
4.189%
APR

FHA Purchase
30 Year Fixed

As of: November 17, 2017

3.500%
RATE
4.370%
APR