Just like houses, home loans come in all shapes and sizes. And PrimeLending has options that fit whether you’re a first-time homebuyer, trading up, ready to renovate or looking to refinance. We take time to listen, answer your questions and keep you in the loop along the way.
Texas FHA Loan is the easiest and most lenient home loan program to qualify for. They offer a low down payment and are available to homebuyers with less than perfect credit. If you’re in the market for a home, you owe it to yourself to research Texas FHA loan options available through TexasFHA.org.
Texas FHA Home Loans Texas FHA mortgages are insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan.
FHA Loans in McAllen TX. An FHA loan is offered by the Federal Housing Administration to help people become homeowners. It is an insured mortgage which prevents you from experiencing any loss if you are unable to keep up payments on the loan.
Mortgage Reduction Program If you’re a struggling homeowner trying to avoid foreclosure, a loan modification that lowers your monthly mortgage payment might be the perfect solution for your situation.Even though the process might seem intimidating, in many cases, you can apply for and (hopefully) get a loan modification on your own without paying for assistance.
Texas FHA Lender #3: Bank of America. Bank of America is a true financial behemoth, even more so than Quicken Loans or Chase. It has locations all over Texas, making it an excellent choice for anyone who wants in-person service throughout the entire FHA loan process.
FHA Approved Lenders in Texas. FHA loans are a good option for a variety of borrowers. This includes those who want to place a low down payment, as well as those that struggle with some credit issues. Some think of FHA loans as subprime mortgages, but they technically are not.
Home Buyers Tax Credit The MCC Tax Credit is a federal credit which can reduce potential federal income tax liability, creating additional net spendable income which borrowers may use toward their monthly mortgage payment. This mcc tax credit program may enable first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns.
An FHA loan is a mortgage that is insured by the Federal Housing Administration and is issued by a lender that is an approved FHA-lender. An FHA loan in Desoto is a great option for those who are first time home buyers and those who are low to moderate income borrowers.
Texas FHA Loan. FHA loan mortgage lending limits in TEXAS vary based on the different housing types and the costs of local Texas housing. FHA home loans are designed for borrowers who are unable to make large down payments. FHA loans are also typically an attractive option for first-time home buyers.