FHA Loan

Product Features

Lower Down Payment: As little as 3.5% down for borrowers with a credit score of 580 or higher.
Flexible Credit Requirements: Easier qualification than conventional loans; some lenders accept scores as low as 500 with a higher down payment.
Competitive Interest Rates: Often lower than conventional rates due to government backing.
Loan Limits: In Texas, FHA loan limits vary by county. For most counties in 2025, the limit for a single-family home is around $498,257, but it can be higher in more expensive areas.
Primary Residence Requirement: The home must be your primary residence.
Mortgage Insurance: Includes upfront (UFMIP) and monthly mortgage insurance premiums (MIP), which protect the lender but add to overall costs.

"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."

FHA Loan

Product Features

Best For Borrowers Who:

This website uses cookies.