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An FHA loan can be approved even if you have a less than perfect credit score, have filed bankruptcy or have income issues. The first time FHA home buyer program is a flexible option for any Texas resident.
FHA Loans are a good fit for you if:
• You have a less than ideal debt-to-income ratio.
• You have less than perfect credit.
What are my options?
The first time home buyer program in Texas can help residents afford the new home of their dreams. Depending on the type of work, an FHA home loan also is available to finance repairs or home improvements.
FHA Loans can apply to:
• A new home purchase for first time home buyers in Plano, Texas or any state in the USA.
• Home improvement projects according to the FHA 203K Loan guidelines.
Is there a limit to how much I can purchase my new home for?
There is no maximum sales price. However, there is a maximum loan amount based on each county in Texas. The maximum loan for a first time home buyer in Plano changes from time to time, call our team at (214) 945-1066 to learn what the limit is.