Texas FHA

Business Details

Trusted FHA Home Loan Specialists in Texas

Texas FHA is a dedicated mortgage lending service specializing in FHA-insured home loans across Texas. With a focus on accessibility and customer support, we provide tailored solutions for first-time homebuyers, repeat buyers, and those seeking to refinance or renovate properties. Our team of FHA-approved specialists offers competitive interest rates, low down payment options, and flexible credit requirements to accommodate diverse financial situations. Backed by decades of industry experience and a Full Eagle FHA lender designation, we prioritize transparency, timely closings, and personalized guidance throughout the loan process.

Our commitment to exceptional customer service is reflected in client testimonials highlighting 24/7 availability, clear communication, and expertise in navigating complex mortgage requirements. As a non-government entity affiliated with the Federal Housing Administration, we bridge the gap between borrowers and federal loan programs to make homeownership achievable for a broader range of Texans.

Services

FHA 203B Loan FHA 203k Loan Purchase Loans Refinance Loans Construction Loans Reverse Mortgage

Highlights and features

We close on time with streamlined FHA loan processes
Our team offers competitive rates and transparent fee structures
24/7 availability of FHA loan specialists for urgent questions
Full Eagle FHA-approved lender status ensures program expertise
Proven track record helping first-time buyers and credit-challenged borrowers

Associations and certifications

Federal Housing Administration (FHA)

What people say

Minimal stress True professionals Available to answer questions Extensive knowledge Godsend for first-time buyers

Website

Update Listing

Services

FHA 203B Loan

The FHA 203(b) loan provides mortgage insurance for primary residence purchases or refinancing. This program requires as little as 3.5% down payment with credit scores starting at 580. Ideal for first-time buyers, it offers lenient credit requirements, capped closing costs, and competitive interest rates while ensuring property safety standards through FHA appraisals.

FHA 203k Loan

FHA 203k loans finance home purchases and renovations in a single mortgage. Available as Standard or Streamlined versions, they cover structural repairs, kitchen/bathroom upgrades, and accessibility modifications. Borrowers can finance up to 110% of after-improvement value with 3.5% down, making fixer-uppers accessible while maintaining FHA insurance protections.

Reverse Mortgage

Home Equity Conversion Mortgages (HECMs) allow Texas homeowners aged 62+ to convert equity into tax-free funds. No monthly payments required, with proceeds usable for living expenses or medical costs. FHA insurance protects borrowers, and funds increase with home value appreciation while preserving ownership rights.

Construction Loan

FHA construction-to-permanent loans finance land acquisition and home building in one transaction. With 3.5% down and 96.5% LTV maximum, they cover materials, labor, and permits. Requires 620+ credit score and 12-month construction timeline. Converts to fixed-rate mortgage upon completion with no additional closing required.

Refinance Loan

FHA refinance options include rate-and-term adjustments and streamline processes. Borrowers can reduce payments with 97.75% LTV maximum or shorten loan terms. Streamline versions require no appraisal or credit check for existing FHA loans, while cash-out refinances allow accessing home equity for debt consolidation or improvements.

People

Gerry Nicodemus

Residential Mortgage Loan Officer

NMLS#286371 licensed mortgage specialist with 20+ years of FHA loan expertise. Guides clients through complex mortgage processes with clear explanations and 24/7 availability. Recognized for exceptional customer service in client testimonials.

Reggie

Loan Specialist

Experienced FHA loan advisor known for patient guidance and comprehensive support. Assists clients with purchase, refinance, and renovation loan processes while maintaining consistent communication throughout transactions.

Questions

What is an FHA loan and how does it work?

FHA loans are government-insured mortgages requiring 3.5% down with credit scores as low as 580. The Federal Housing Administration guarantees lenders against default, enabling more accessible homeownership opportunities for Texans.

Can I qualify for an FHA loan with bad credit?

Yes, FHA loans accept credit scores down to 500 with 10% down payment. Our specialists help borrowers with past bankruptcies or foreclosures rebuild homeownership eligibility through FHA's flexible underwriting guidelines.

What's the difference between FHA and conventional loans?

FHA loans require lower down payments (3.5% vs 5-20%) and accept lower credit scores (580 vs 620+). They allow higher debt-to-income ratios up to 57% and include mortgage insurance premiums instead of private mortgage insurance.

How do FHA renovation loans work?

FHA 203k loans combine purchase/refinance and renovation costs into one mortgage. Borrowers can finance up to $35,000 for cosmetic repairs (Streamlined) or unlimited amounts for major structural improvements (Standard) with a single closing process.

What documentation is needed for FHA loan approval?

Required documents include two years of W-2s, 30 days' pay stubs, two months' bank statements, and government-issued ID. Self-employed applicants need two years of tax returns and business financial statements.

Can I use an FHA loan for investment properties?

No, FHA loans require owner-occupancy as primary residence. Investment properties and second homes don't qualify for FHA insurance programs, which focus on expanding primary homeownership opportunities.