Texas FHA Loans
Close in 30 days or less, Credit Scores as low as 580
- Attractive Interest Rates
- Flexible Qualifications
- Low Down Payments
What is an FHA Loan?
An FHA-insured loan is a mortgage backed by the federal government and insured by the Federal Housing Administration under the authority of the Housing and Urban Development, commonly known as HUD. The mortgage is originated by FHA-approved lenders. They are designed for low- to moderate-income borrowers, requires a lower minimum down payment requirement and credit scores as compared to conventional mortgages.
The Federal Housing Administration or FHA does not extend and will not offer you with a mortgage loan; it only provides mortgage insurance for the loan you get from a mortgage lender who is FHA approved.
This government-backed insurance is guaranteed to protect the lender against default by the homeowner. Under the terms of FHA insurance, any FHA approved mortgage lender can make a claim against any loss incurred through default of loan repayments. This US government program does not cost American taxpayers any money. All insurance money collected through the program are kept in a single operating account. FHA provides different types of mortgage insurance, according to need, and offers a range of insurance for first-time homebuyers, for multifamily homes, for refinancing and for other types of mortgage. The insurance coverage is often referred to as the “Mortgage Insurance Premium” or MIP.
The Federal Housing Administration was created by the National Housing Act of 1934. Its goal is to improve the housing standards and conditions, provide sufficient financing for homes through the insurance of mortgage loans, and to stabilize the mortgage market.
Details and additional information about FHA loans, guidelines and requirements are readily available by contacting our FHA Home Loan Specialist at 346-297-0516.
An FHA Loan Specialist Ready To Help You
Our FHA Loan Specialists are always available to help you and answer any questions. You may contact a dedicated FHA Loan Specialist through our website or by calling us directly. You may also chat with us to get a quick answer to your questions.
We make the FHA Loan Process Quick & Easy
Lenders often times will steer their clients away from an FHA loan due to their inexperience with the program. FHA Loans are a great source of funding for our clients. We share our knowledge and experience with FHA loans, making it easier for borrowers.
FHA Approved Lender
The Federal Housing Administration requires lenders offering FHA loans to go through an extensive approval process. AmCap Home Loans is an FHA-approved, and designated as a “Full Eagle” mortgage lender in Texas.
FHA Loans Help Make Home Ownership Possible For a Wider Range of People.
Connect with us
Address
14355 Torrey Chase Blvd #B
Houston, TX 77014
Phone
346-297-0516
Email Address
info@texasfha.org
business hours
Monday/Friday: 8am to 6pm
Saturday: 9am to 12am
NMLS # 129122
14355 Torrey Chase Blvd #B
Houston, TX 77014
346-297-0516 (Tel)
info@texasfha.org
