FHA Loans
Overview
An FHA loan is a great choice for first-time homebuyers and anyone seeking low down payment financing in . Backed by the Federal Housing Administration, FHA loans feature flexible credit requirements and low down payment options, making it easier to purchase a home in the -Fort Worth area.
Key Features
✔ Low Down Payment – As little as 3.5% down on a home.
✔ Flexible Credit – Credit scores as low as 580 may qualify.
✔ Competitive Interest Rates
✔ Assumable Loan – Potential selling advantage in a hot market.
Eligibility & Guidelines
✔ Must occupy the property as a primary residence in Texas.
✔ Debt-to-income ratio typically up to 43%.
✔ Requires FHA-approved appraisal and property standards.
✔ Upfront and monthly mortgage insurance premiums required.
Ideal For
✔ First-time buyers
✔ Borrowers with limited credit history looking for a mortgage.
✔ Buyers who want a low down payment without strict income limits.
Why Supreme Lending
Our mortgage specialists simplify the FHA process and compare FHA with other low-down-payment options so you can choose confidently.