FHA Loan
Texas

FHA Loan Texas Benefits:

* Only 3.5% Down Payment
* Low interest rates
* Fast Closing – As fast as 17 Days
* If you have not purchased a house in 3yrs or
* Best for first time home buyers
* FHA Loan from 3.5% Down, HomeReady 3% Down

HOME LOAN APPLICATION
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FHA Loan Texas- Florida’s #1 FHA loan lender. We help borrowers in Texas to qualify for the best FHA home loan program to meet their borrowing requirements. FHA loans starting with just 3.5% down payment. Apply today!

FHA Loan Texas

CambridgeHomeLoan.com provides FHA loans for purchases, refinancing and cash out refinancing.

FHA Loan Eligibility Requirements:

  • A FICO credit mid score of at least 580 for a 3.5% down home loan
  • A credit score of 500 to 579 for a 10% down payment
  • FHA loan with 3.5% down payment requirement
  • Mortgage insurance offsets the lower FHA interest rates than a conventional loan.
  • FHA Debt to income ratio of 50% or less

Qualify for a 3.5% down FHA Home Loan in Texas. Use this application to pre-qualify and start shopping for your new home in Texas today! Purchase, Refinance, Cash Out Refinance.

The FHA along with Fannie Mae provide the best loans for first time home buyers. 

GET YOUR FREE PREQUALIFICATION LETTER

Benefits of Purchasing A Home With FHA Home Loan in Texas

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FHA Home Loan Texas Easy As 1-2-3

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Discuss Loan Options

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I would like to apply for my loan myself

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Pre-Qualify

I am shopping for a home and would like to pre-qualify for my price range.

Everything You Wanted To Know About an FHA Loan Texas

How long do I have to wait to get an FHA loan after a bankruptcy?

If your bankrupcy was discharged over 2 years ago you may be eligible today for an FHA loan program. If you bankruptcy was discharged less than two years ago and you have extenuating circumstances you might still be eligible to qualify.  You can find out more by applying here!.  .

If you had a chapter 13 has some different requirements as a chapter 13 bankruptcy may still qualify if the  lender is willing to do a manual underwriting and the borrower has a satisfactory history of payments under their Ch 13 plan.

How does the FHA treat Charge-offs for credit cards and installment Loans?

Charge-off accounts are not included in borrowers’ debt.

How does the FHA treat Collection Accounts?

Non-medical collection accounts when the cumulative outstanding balance is greater than $2,000 borrower may either pay-off the balance or, for the purpose of debt-to-income ratio (DTI), provide proof of a payment plan. If neither are an option, the lender must use 5% of the outstanding balance and include it in the borrower’s DTI calculation.

What are the guidelines to qualify if I have delinquent tax debt?

Borrowers with delinquent tax debt are ineligible unless currently in payment plan.

What are the FHA guidelines on DTI (Debt To Income Ratio)?

The Maximum debt-to-income (DTI) ratio varies based on overall credit history and assets.  Typically, the DTI cannot exceed 45% of the borrower’s gross income.  However, in some cases borrowers with as high as 54.9% DTI may be eligible and in other cases borrowers may be capped at 43% DTI. Due to our volume size we can allow for higher DTI which enables you to receive a higher loan amount even if you have significant debt. 


How does the FHA treat deferred student debt?

Borrowers with student loans that are in deferment or not fully amortized will be required to calculate 1% of the outstanding balance as minimum monthly payment that will be added in their debt-to-income ratio (DTI) calculation.

For additional questions about FHA Loans contact 800-826-5077.