FHA Loan Requirements Important FHA Guidelines for Borrowers. The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States and its territories.
FHA single-family mortgages in TEXAS can have down payments as little as 3.5%. In some cases, FHA insurance allows homebuyers to finance approximately 96.5% of the value of their home purchased with their FHA mortgage.
There will be no decreases to the loan limits in any counties. Nationally, for areas considered to be “high cost,” including San Francisco, Washington, D.C., New York, and some parts of Los Angeles,
Weir Texas FHA Loan Wylie Texas FHA Loan Could the Federal Housing Administration’s life of loan insurance requirement soon be a thing of the past? The bill, entitled the Making FHA More Affordable Act. He is a graduate of University of.