Is an FHA Mortgage The Right Loan For Your Dallas Texas Home?
Why are FHA loans so accessible?
For a first time home buyer, a step up buyer, or buyers with bruised credit, a FHA loan makes it easier for Texas residents to qualify because the government guarantees the loan making it less risky for the lender and therefore easier to approve. However, each lender has set standards that they adhere to, which may differ from lender to lender. There are no income limits like many first time home buyer program, but you will need to have enough income to prove you can make the payments. FHA loans can be easier to qualify for than most first time home buyer programs or conventional mortgages.
Contact the Richard Woodward Mortgage Team today to find out if an FHA loan is right for you. For more information regarding FHA home loans and programs visit HUD.gov
The information provided on the FHA Loan program is intended only as general educational information regarding the program. An in-depth consultation with Richard Woodward Mortgage Team is necessary to determine if the program is appropriate for your individual circumstance.
Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender
Office: (214) 945-1066
Interlinc Mortgage Services, LLC., NMLS 205696
7711 San Jacinto Place, Ste 100 Plano, Texas 75024
Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. InterLinc is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. Link to RMLO Complaint recording instructions.
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