FHA Loan
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Find FHA Loans in Frisco TX
FHA mortgage loans are issued by federally qualified lenders certified by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.
- 580 credit score requires a minimum of 3.5% down
- 560 credit score requires a minimum of 10% down
- Insured by the Federal Government
- 3.5% down payment
- Down payment can be a gift of funds from a family member
- DPA assistance is available
- Non-Occupying Co Borrower is allowed
- Max loan amount is limited from county to county
- Primary residence only
- Not only for first time homebuyers
- No Credit Score options
- Mortgage Insurance required even putting 20% or more down
- Home being purchased less than 90 days not allowed, seller must own home greater than 90 days before execution
- Combined debt ratios allowed 56.99
If you are looking to find FHA loan options in Texas, Oklahoma and Nevada please give us a call at 214-872-2188.