Whether you are buying your first home or renovating one you own outright, TexasLending.com says that an FHA insured loan may offer the right balance of small down payments, easy qualifications, and low closing costs.

TexasLending.com offers a wide range of residential mortgage products to consumers in the Dallas/Fort Worth area and says that their FHA loans offer the best value for hard-working families. Many first time buyers opt for an FHA product because of the simpler qualification process. TexasLending.com also points out that FHA loans can be acquired with little money down – usually just 3.5% of the loan amount or purchase price.

FHA loans offer the opportunity to roll in closing costs and other miscellaneous fees, reports TexasLending.com. Many consumers with a credit rating over 620 may qualify as long as they are purchasing a single family dwelling or small multi-housing unit. TexasLending.com also reports that FHA loans are available for modular homes, both for those stationed on private land and those in modular housing communities.

Another benefit of FHA insured products, comments TexasLending.com, is their availability to seniors who wish to pull equity from their homes. FHA provides Reverse Mortgages to adults over the age of 62 who wish to convert hard earned equity into cold hard cash. The money can be used for a much deserved dream vacation or to supplement retirement funds. TexasLending.com points out that reverse mortgages do not take credit worthiness into consideration and also eliminate mortgage payments from those on a fixed income.

According to TexasLending.com, the FHA provides loans to borrowers who want to renovate an existing structure but do not have the cash on hand to do so. FHA loans are available that are inclusive of purchase price as well as repair and remodeling cost.

HUD Resources

TexasLending.com cites HUD as a valuable resource for consumers who are interested in an FHA loan. The Federal Housing Authority is a division of HUD. For Texans, the HUD website provides an array of information including tips on getting started with a purchase, how to finance, and where to locate assistance programs for special circumstances. As well, TexasLending.com says the site offers resources relating to energy efficiency, mortgage limits, and home buyer calculators.

About TexasLending.com

TexasLending.com was founded in 2001 by mortgage banker Kevin Miller, who serves as CEO of the firm. With over 200 employees and an army of experienced loan officers and mortgage counselors, TexasLending.com is the most trusted and readily available lending partner in the Dallas/Fort Worth area. TexasLending.com is an Equal Housing Lender.

TexasLending.com
4100 Alpha Rd., Suite 400
Dallas, TX 75244
NMLS# 137773

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