FHA LOAN

  The Federal Housing Administration insures mortgage loans offered by approved FHA mortgage lenders by providing mortgage insurance on these loans, protecting the lender against all losses in the case of a default by the borrower on their mortgage loan. FHA administers the loan for the department of Housing and Urban Development or HUD, which develops the guidelines for applicant eligibility for this loan program.

     An FHA loan has more flexibility for applicant eligibility than a conventional loan at this time, and require very little cash to close on the purchase of a home in many cases. This loan program can also be more flexible regarding credit, debt and income, liquid assets and down payment. The program does not have income limitations. Contact us for the maximum purchase price for an FHA loan in your county for example the Harris County maximum purchase price is $271,050.

     Texas Mortgageline aka Premier Nationwide Lending is approved by the FHA to offer the Texas FHA mortgage loan program for the purchase or refinancing of homes in Texas. If you feel that you may need more flexibility for your Texas mortgage financing, contact us and begin your pre-approval process!

Lee Penn. 281.701.1655