FHA Home Loans for First Time Buyers in Texas
Why Choose Our FHA Home Loans?
Just 3.5% Down Payment
Keep more cash in your pocket. FHA loans let you buy a home with a fraction of the down payment required by conventional loans.
Flexible Credit Requirements
Past credit challenges? No problem. FHA loans accept credit scores as low as 580, giving you a real path to homeownership when other lenders say no.
Fast, Simple Approval Process
Our FHA team knows exactly what's needed to get you approved quickly. Most buyers get pre-qualified within 24 hours and close in 30 days or less.
Top FHA Lender For Texas 1st Time Buyers
LeaderOne Financial | NMLS #12007
Top Rated Texas Mortgage Lender
Just 3.5% Down Payment Required
Credit Scores Starting at 580
Dedicated Texas FHA Loan Team
Fast Pre-Approval in 24 Hours
Close in 30 Days or Less
Frequently Asked Questions
Is it hard to get approved for an FHA loan?
For qualified buyers, FHA loans are one of the smoothest paths to homeownership. With a 640+ credit score, stable income, and just 3.5% down, you're in the sweet spot for fast approvals and competitive rates. FHA loans are backed by the Federal Housing Administration, which means more flexible guidelines than conventional financing... but that doesn't mean we work with everyone. Our Texas FHA team focuses on helping serious buyers who are ready to move forward. If you've got your financials in order, we make the process simple.
What credit score do I need for an FHA loan?
While FHA guidelines technically allow scores as low as 580, the reality is that 640+ is where the process becomes smooth, fast, and predictable. At 640 and above, you'll see better rates, fewer conditions, and a much easier path to the closing table. Lenders have overlays on top of FHA minimums, and most buyers with sub-620 scores face significant hurdles that slow everything down. If you're at 640 or higher with stable employment and manageable debt, you're exactly the type of borrower we love working with, and we'll make sure you're treated like it.
What down payment is required for an FHA loan?
Just 3.5% down. On a $250,000 home, that's only $8,750 compared to $50,000 for a conventional 20% down payment. FHA also allows your entire down payment to come from gift funds from family members. Texas offers several down payment assistance programs that can be combined with FHA financing, potentially reducing your out-of-pocket costs significantly. We'll help you explore all available options, but keep in mind, stronger borrowers with some skin in the game typically see faster approvals and better terms.
How long does the FHA loan approval process take?
For well-qualified buyers, most FHA loans close within 30 days from application to funding. We typically provide pre-approval within 24 hours once we have your basic information, income documents, and credit report. This pre-approval letter lets you shop for homes with confidence and shows sellers you're a serious, qualified buyer. Our process is streamlined for borrowers who come prepared, clean credit, documented income, and funds verified. That's how we consistently hit 30-day closes while other lenders drag things out.
Can I get an FHA loan if I've had a bankruptcy or foreclosure?
Possibly. FHA offers more forgiving guidelines than conventional loans... 2 years after a Chapter 7 bankruptcy discharge or 3 years after a foreclosure. However, what matters most is what you've done since then. If you've spent the past few years rebuilding your credit, maintaining stable employment, and managing your finances responsibly, we can absolutely explore your options. We're looking for borrowers who've moved past their setback and are ready for a fresh start, not those still in the middle of financial chaos. If that's you, let's talk.
Copyright @ 2023 fhahomelender.com all rights reserved. fhahomelender.com is not affiliated with or endorsed by the Federal Housing Administration or any government agency. This website is for informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. No advertisement or solicitation from fhahomelender.com is meant to be a mortgage brokering activity or mortgage lending activity. All brokering or lending activities can only be completed by a licensed loan originator. To see if your loan officer is licensed in your state, please go to https://www.nmlsconsumeraccess.org/ .
