Move into your dream home with as little as 3.5% down. FHA loans offer flexible credit requirements and competitive rates, making homeownership accessible even if your credit isn't perfect.
No obligation. No credit check to get started.
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.
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, designed to make homeownership more accessible for everyday Americans.
FHA loans are one of the most popular mortgage options in America, especially for first-time homebuyers and those who may not qualify for conventional financing. Backed by the Federal Housing Administration, these loans allow lenders like Lending Arena to offer more favorable terms, including lower down payments and more flexible credit score requirements.
Unlike conventional loans that typically require higher credit scores and larger down payments, FHA loans are specifically designed to help buyers who are building or rebuilding their credit. Whether you're purchasing your first home or getting back on your feet after a financial setback, an FHA loan can be the bridge to homeownership.
Because the FHA insures the loan, lenders are protected against loss if a borrower defaults. This insurance allows lenders to offer lower interest rates and accept borrowers who might otherwise be turned away.
FHA loans provide some of the most borrower-friendly terms in the mortgage industry.
Put as little as 3.5% down on your new home. On a $300,000 home, that's just $10,500 instead of the typical 10-20% required by conventional lenders.
Qualify with a credit score as low as 580 for 3.5% down, or 500 with 10% down. FHA loans give more people the chance to become homeowners.
Because FHA loans are government-backed, lenders can offer competitive interest rates that are often lower than those available with conventional mortgages.
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.
Getting your FHA loan is straightforward. Here's what to expect.
Complete our simple application and our team will review your financials to determine your borrowing power.
Shop with confidence knowing exactly what you can afford. Your pre-approval letter shows sellers you mean business.
We process your loan, verify documentation, and order the FHA-required appraisal to ensure the home meets safety and value standards.
Sign your final documents, get the keys, and move into your new home.
Answers to the most common questions about fha loans in Texas.
Lending Arena offers the full mortgage product set across Texas. See what else might fit your situation.
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.