FHA Loans in Texas

An FHA loan is a mortgage insured by the Federal Housing Administration. Because the loan is government-insured, lenders can offer financing with more flexible credit and down payment requirements compared with many conventional loans.

FHA loans can be used for:

• Primary residences 
• Single-family homes 
• Approved condominiums 
• Certain multi-unit properties when the borrower occupies one unit

• Down payments as low as 3.5% for eligible borrowers 
• Flexible credit guidelines 
• Gift funds allowed from eligible sources 
• Competitive interest rates 
• Options for purchasing and refinancing

Best FHA loan Around? 

Supreme Dream DPA Loan

FHA financing may be a good fit for:

• First-time home buyers 
• Buyers with modest down payment savings 
• Borrowers rebuilding credit 
• Clients with higher debt-to-income ratios 
• Buyers seeking a more flexible underwriting option

A simplified refinance option for eligible existing FHA borrowers.

Access equity for debt consolidation, home improvements, or other approved uses.

FHA loans require mortgage insurance, which typically includes:

• An upfront mortgage insurance premium (UFMIP) 
• Ongoing monthly mortgage insurance premiums (MIP) 

Depending on your circumstances, refinancing into another loan type may reduce long-term costs.

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FHA loans are intended for owner-occupied primary residences and are not generally used for second homes or non-owner-occupied investment properties.