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FHA Home Loans in Henderson, Texas

Close on time, Credit Scores as low as 500

Explore flexible FHA loan programs designed to help you buy, refinance, or renovate your home in Henderson

Located in the heart of Rusk County, Henderson offers small-town charm, affordable housing, and a growing economy. For first-time homebuyers, Henderson provides a unique mix of affordable real estate, family-friendly neighborhoods, and proximity to East Texas job markets. With median home prices lower than those of many surrounding counties, Henderson is an ideal place to purchase your first home using an FHA loan.

Henderson FHA Loan Limit

"HENDERSONCOUNTY"

$541,287

One-Family

$693,050

Two-Family

837,700

Three-Family

$1,041,125

Four-Family

Why Choose an FHA Loan in Henderson?

FHA home loans are insured by the Federal Housing Administration and were designed to make homeownership more accessible, especially for first-time buyers, families, and individuals rebuilding credit. FHA loans offer low down payment options, flexible credit requirements, and competitive rates that appeal to buyers across Henderson, Tyler, Kilgore, and nearby East Texas communities.

FHA Loan Programs Available in Henderson, TX

Whether you’re planning to buy a house in Henderson or refinance one in Rusk County, you can choose from several FHA loan options:

FHA Purchase Loan (203b)

This is the most common FHA loan used across Henderson and East Texas. With just 3.5% down, the 203(b) purchase loan makes it easy to buy a move-in-ready home even if you have limited savings. It’s especially popular among first-time buyers in Henderson who want an affordable path to homeownership.

FHA Renovation Loan (203k)

If you find a home in Henderson or Kilgore that needs upgrades, the 203(k) renovation loan allows you to finance both the purchase price and repair costs. From modernizing older homes near downtown Henderson to updating properties in nearby Rusk County, this loan helps you turn a fixer-upper into your dream home.

FHA Construction Loan

For those who want to build a brand-new home in Henderson or the surrounding rural areas, the FHA construction-to-permanent loan can finance both the build and the permanent mortgage. It’s a smart option for families in East Texas hoping to customize their forever home.

FHA Manufactured Home Loan

Henderson and Rusk County offer excellent opportunities for manufactured or modular homeownership. FHA manufactured home loans can finance both the home and the land, making it easier for East Texas buyers to achieve affordable housing with flexible loan terms.

FHA Streamline Refinance

Homeowners in Henderson, Tyler, or Longview who already have an FHA mortgage may benefit from this fast and simple refinance option. With limited paperwork and no appraisal requirement, you can quickly reduce your interest rate and monthly payment.

HUD-184 Loan (Native American Loan Program)

Available in Henderson and across Texas, the HUD 184 home loan supports Native American families with low down payments and flexible underwriting guidelines, making homeownership more accessible in East Texas communities.

HECM (Reverse Mortgage for Seniors)

For residents in Henderson and surrounding areas aged 62 and older, the FHA reverse mortgage (HECM) allows you to access your home’s equity while continuing to live in it. This is a strong option for retirees in East Texas looking to supplement their income.

FHA Loan Requirements in Henderson, TX

To qualify for an FHA loan in Henderson, Tyler, or Kilgore, you’ll need to meet basic requirements:

Credit Score: A score of 580 and up qualifies for 3,5% down, or 500–579 with 10% down.
Down Payment: As low as 3.5% for borrowers with scores of 580 and above, 10% minimum down payment for scores between 500 – 579.
Debt-to-Income Ratio: Typically 43% or lower; higher DTI allowed with compensating factors.
Employment History: Proof of a verifiable two-year history of steady income and job stability.
Primary Residence: FHA loans are only for primary residences in Henderson or nearby towns. Second homes and investment properties are not allowed.
Property Standards: The property must meet the FHA guidelines of safety, security, and habitability.

FAQs About FHA Home Loans in Henderson, TX

Are FHA loans available for rural homes outside Henderson?

Yes, FHA loans are available for homes throughout Rusk County, as well as nearby areas like Kilgore and Overton, as long as the house will be your primary residence.

How do FHA loan limits affect Henderson buyers?

The loan limit for Rusk County is set yearly by HUD. While Henderson homes are typically below the limit, FHA caps ensure affordability while still covering most home prices in the East Texas market.

Can I use an FHA 203(k) loan in Tyler or Longview?

Absolutely. The 203(k) renovation loan is available across East Texas and can be used to purchase and renovate older homes in Tyler, Longview, and Henderson.

How fast can I close on an FHA loan in Henderson?

Closings usually take 30–45 days, depending on local appraisal and document turnaround. FHA loans in smaller markets, such as Henderson, often close faster than in large metropolitan areas.

Apply for an FHA Home Loan in Henderson, TX

FHA loans make homeownership in Henderson and nearby towns, such as Kilgore, Tyler, and Longview, more affordable and accessible. With flexible programs for buying, refinancing, or renovating, you can find the right FHA loan to fit your needs. Whether you’re a first-time buyer or preparing for retirement, Henderson’s housing market and FHA lending options give you the tools to achieve your goals.