We compare 20+ wholesale lenders to find competitive fha rates in Texas. No credit pull. Pre-approval in 24 hours.
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Texas leads the nation in population growth, with the Houston, Dallas-Fort Worth, Austin, and San Antonio metros each adding tens of thousands of new residents per year. Strong job markets in tech, energy, and healthcare keep buyer demand steady, and Texas has no state income tax.
FHA is the most-used loan type for first-time buyers in Houston, San Antonio, and El Paso. Texas property tax rates are above the national average, so be ready to budget escrow accordingly.
Check the key requirements to see if you qualify.
A credit score of 580 or higher qualifies you for the minimum 3.5% down payment. Scores between 500-579 may still qualify with a 10% down payment.
One of the lowest down payment options available. Your down payment can come from savings, gifts from family, or down payment assistance programs.
Your total monthly debt payments (including your new mortgage) should typically be 43% or less of your gross monthly income.
A steady employment history of at least 2 years is typically required. Self-employed borrowers may qualify with 2 years of tax returns.
Lending Arena, NMLS #1603937. Licensed by the Texas Department of Savings and Mortgage Lending. Texas A6 home equity transactions are subject to the disclosures and protections of Texas Constitution Section 50(a)(6). Equal Housing Lender. This is not a commitment to lend. 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.