FHA Home Loans in Texas
FHA loans offer low down payments and flexible credit guidelines for Texas homebuyers. John Dunn helps you see if FHA is the right fit.
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. Because of that insurance, FHA guidelines are more flexible than most conventional loans, which makes FHA a popular choice for first-time buyers and for anyone rebuilding credit.
FHA loans are for homes you will live in as your primary residence, including single-family homes, condos in approved projects and 2 to 4 unit properties where you live in one unit.
Talk to John
- NMLS #273975 · TX #273975
- 111 Maple Terrace, New Braunfels, TX 78132
- 512-738-2039
- [email protected]
Low down payment
As little as 3.5% down with a credit score of 580 or higher.
Flexible credit
FHA looks at your whole picture, not just your score.
Gift funds allowed
Family can help with the down payment.
Works with assistance
Down payment assistance programs can often be paired with FHA.
What to know before you choose FHA
FHA loans include mortgage insurance: an upfront premium, which is usually added to the loan, and a monthly premium. FHA also sets a maximum loan amount for each county every year. John will compare an FHA quote with a conventional quote so you can see which costs less for your situation.
FHA Home Loans FAQ
What credit score do I need for an FHA loan?
FHA allows 3.5% down with a score of 580 or higher. Lender requirements can be higher, so the best step is a quick review of your credit with John.
Is FHA only for first-time buyers?
No. FHA isn't only for first-time buyers, but the home must be your primary residence.
Is FHA better than a conventional loan?
It depends on your credit, down payment and how long you plan to keep the loan. For some buyers FHA costs less; for others conventional wins. John compares both for you.
Can I use down payment assistance with FHA?
Often, yes. Many Texas down payment assistance programs can be combined with FHA loans. Eligibility and availability vary, so ask John which programs may fit.
Loan programs are subject to borrower qualification, underwriting approval, credit approval, and program availability. Not all borrowers will qualify.
Is FHA right for you?
Talk with John and compare FHA side by side with your other options.
State Licenses
TX #273975
