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The Federal Housing Administration (FHA) has a
program designed to make affordable mortgages available.
This program has several key advantages compared to other
mortgages. Here are some key features and
benefits; |
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FHA Texas Mortgage Features |
Program Benefits |
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Low down payment requirement |
Qualify now without waiting to save for a
big down payment |
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Limited Fees and Costs |
FHA has limits for fees that lenders may
charge to borrowers |
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Seller may pay your closing costs up to
6% |
You may not need to pay closing costs out
of your pocket |
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No cash reserves are required |
You do not need to prove a certain amount
of bank balance |
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Very low finance rate at a fixed rate |
Low monthly payment mortgages compared to
some other types of mortgages |
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Low private mortgage (PMI) insurance
cost. |
Another factor that reduces your monthly
payment |
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Mortgage loans up to $271,000 |
Loan size to fit most client needs |
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No minimum credit score and first time
buyers may qualify with no credit |
Reasonably good credit is required but
there is not a minimum FICO score to qualify |
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NOT just for first time buyers |
More clients can qualify |
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Texas
Capital Mortgage
866-433-0500
Affiliate of America's
Premier Mortgage
TMBL # 33198 |
Featuring
FHA low down
payment mortgages
