Texas Real Estate
The “5-year rule” refers to how FHA mortgage insurance (MIP) works on certain loans: 💡 Where the “5-year” idea comes from:Before 2013, FHA loans let you cancel mortgage insurance after 5 years AND when your loan balance reached 78% of the home’s value. Today, most FHA loans keep MIP much longer unless you refinance to … Read more
❌ What Can Disqualify You from an FHA Loan? FHA loans are flexible, but there are a few common disqualifiers to be aware of: 1️⃣ Low Credit Score 2️⃣ High Debt-to-Income (DTI) Ratio 3️⃣ Bankruptcy or Foreclosure 4️⃣ Unverifiable or Low Income 5️⃣ Property Issues 💡 Trealtorr Take Even if you have past credit issues, … Read more
🚫 The Downsides of an FHA Loan (Real Talk) FHA loans are awesome for first-time buyers because they let you buy with as little as 3.5% down — but there are a few catches you should know before you sign: 🔑 Mortgage Insurance You Can’t Escape (Easily) You’ll pay mortgage insurance (MIP) every month, and … Read more
Date FHA 30-Year Fixed Rate FHA APR Sep 11, 2025 6.15% 6.82% Sep 12, 2025 6.12% 6.79% Sep 13, 2025 6.10% 6.77% Sep 14, 2025 6.08% 6.75% Sep 15, 2025 6.05% 6.72% Sep 16, 2025 6.00% 6.68% Sep 17, 2025 5.95% 6.62% 📌 Rates are approximate averages for Texas; your exact rate may vary based … Read more
FHA loans are one of the most popular ways for first-time homebuyers to get into a home because they’re flexible and have lower barriers to entry. Here’s what you usually need: ✅ Credit Score: 580+ for just 3.5% down. (500–579 may still qualify with 10% down.)✅ Stable Income: Lenders want to see steady employment for … Read more
Last updated: 06/19/2025 An FHA loan in Texas is a mortgage insured by the Federal Housing Administration (FHA), designed to help low-to-moderate-income homebuyers secure financing with more accessible qualifications. Here’s what you should know about FHA loans in Texas: Key Features: Benefits of FHA Loans in Texas: Requirements for FHA Loans in Texas: Steps to … Read more
Last updated: 06/19/2025 If you want to buy a house in Texas but don’t have a lot of money saved up, an FHA loan could be the perfect option for you. With an FHA loan, you can buy a home with a smaller down payment and less strict credit score requirements. Let’s break it down! … Read more