FHA Loan

FHA Loan

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.

Licensing

NMLS #291309 | NLMS #292257

Nevada  #5017 | NMLS #1872966

Oklahoma #MB012277 | #MB012307

Contact Us

Sarey Enterprises LLC, DBA Alliance Mortgage Group
2770 Main St. Ste 221
Frisco, TX 75033
(214) 872-2188