FHA Loans

FHA Loan:

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

  • Generally easier to qualify for than conventional loans.
  • Lower down payment requirements.
  • Cannot exceed statutory loan limits.


A of the benefit of the FHA loan program is that lenders are more willing to look at a borrower's overall credit picture rather than basing a loan decision on automated underwriting software alone. Although the minimum credit score is 620 lenders have the ability to approve lower credit score borrowers with the FHA score card. Many borrowers with a score below 620 may still qualify using compensating factors. FHA also allows alternative credit for borrowers who do not have a traditional credit score. Alternative credit may include 12 month payment history from utlilty, phone, or insurance companies.

Guidelines are changing frequently but borrowers should have at least a 620 credit score. Anything below a 740 credit score is considered less than perfect. Lenders give interest sates based on associated risk so the lower your score the higher rate you should expect.

Although we have an office in The Woodlands and El Paso Texas we are licensed and serve every city in TX. If you are looking to move to Texas you may want to visit some of our main cities: abilene
amarillo
austin
beaumont / port arthur
brownsville
college station
corpus christi
dallas / fort worth
deep east texas
del rio / eagle pass
el paso
galveston
houston
killeen
temple
ft hood
laredo
lubbock
mcallen
edinburg
odessa
midland
san angelo
san antonio
san marcos
southwest TX
texarkana
texoma
tyler
east TX
victoria
waco
wichita falls


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