How do I get a loan from the FHA in Texas?
The Federal Housing Administration (FHA) does not originate nor extend mortgage loans but instead insures the loan made by banks and other private institutions, hence, the Mortgage Insurance Premium (MIP). The first thing that every prospective borrower needs to do is consult with an FHA approved lender. An FHA Home Loan Specialist will do an analysis of the borrower’s credit and ability to pay the loan back. This is a simple pre-qualification process. The Loan Originator can determine how much a borrower could qualify for based on the information and documentation provided by the applicant.
The borrower can take it one step further by opting to get pre-approved. This process will require documentation of income and assets required to move forward with the loan. We can get an automated underwriting approval from either Fannie Mae or Freddie Mac and go over the requirements with the borrower. This will ensure that the borrower actually is approved per FHA guidelines.
To get started with an FHA loan, contact us directly at (866) 772-3802 or use the tools on this site.
An FHA Loan Specialist Available to Help You
Our FHA Loan Specialists are always available to help you and answer any questions. You may contact a dedicated FHA Loan Specialist through our website or by calling us directly.
We make the FHA Loan Process Quick & Easy
It’s not a secret that lenders often times will steer their clients away from an FHA loan due to their inexperience with the process. We find FHA Loans to be a great source of funding for our clients. We share our knowledge and experience with FHA loans, making it easier to get compared to conventional financing.
FHA Approved Lenders
The Federal Housing Administration requires lenders offering FHA loans to go through an extensive approval process. We are an FHA approved lender specializing in FHA Loans in Texas.