Can a Texas FHA Loan Help Texas First Time Home Buyers?
Definitely, the Texas FHA loan is a big help for first time home buyers. Texas FHA loans are insured and backed by the United States government, offering your lender the security they need to make a loan — this equals opportunity for home buyers! The following are just some of the advantages and benefits a Texas FHA mortgage loan for first time home buyers: • The FHA mortgage offers easier credit qualifications; it does not require any minimum credit score (however in almost all instances, it will require you to pay off charge-offs and past collections). • The FHA loans offer low 3.5% financing. The no down payment opportunity is possible when using down payment assistance. • With an FHA mortgage, you only take care of a single payment every month. The taxes and the insurance are always included in the total PITI payment. • FHA has a much lower rate of interest than many may suggest. What Are the Requirements to Pre-Qualify for a Texas FHA Loan? Qualifying for a Texas FHA loan is as e
