TEXAS FHA MORTGAGE
QUALIFICATIONS
Here are some of the key qualifications for a FHA mortgage:
- You must be a US citizen or a permanent legal resident
- Reasonably good credit is required. Nothing should show as 30+ days late on your credit report in the last 12 months
- You should not have a bankruptcy or foreclosure in the last 3 years
- You should have stable employment for at least 2 years
- You should have sufficient income so the proposed purchase is affordable for you.
- You must intend to occupy the property as your primary residence
- The property should be for residential use (not for business purpose)
- A minimum of 3% down payment is required. (A gift for the down payment may be acceptable)
- The loan size should be $271,000 or less
Other rules apply but if you meet these guidelines you will have a very good chance to qualify. If you don’t qualify for FHA for some reason we have other options available. Please call or send the “Apply Now” form for a free, no obligation pre-qualification or consultation.
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Contact Us Today!
Address:
210 Spring Hill #115
Spring, Texas 77386
Phone:
281-537-7800
866-433-0500 Toll Free
Fax:
832-565-1656
Mortgage license number:
65252
Affiliate of:
America's Premier Mortgage
MBL # 33198
Email:
Apply Now!
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