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Texas FHA Home Mortgage Loans

Texas FHA Loan Requirements - 2018 FHA Loan Limits - Calculate Your Payment
Low Interest Rates - Easy Qualification Guidelines - Fast and Easy Processing

Texas FHA Loans | Requirements | Loan Limits | Apply

Our goal is to provide you with all of the information and tools you need in order to determine if a FHA loan is right for you. On this page, you can view the 2018 Texas FHA loan guidelines, view loan limits by county, and calculate your monthly payment.  These guidelines include the FHA requirements related to credit history, income, employment, and the type of property you want to purchase.  After reading the loan requirements and loan limits, you can use our detailed FHA calculator, which will allow you to see what your monthly payment, mortgage insurance, and monthly escrow will be.

One of the most common questions people ask is regarding where in Texas FHA loans are available. They are available throughout every county of the state, and you can view the max lending limits for your county below.  FHA mortgages are especially popular in cities and larger towns, such as: Arlington, Austin, Dallas, Fort Worth, El Paso, Frisco, Garland, Houston, Laredo, Lubbock, Plano, San Antonio, and Waco .  You can finance a home purchase with a FHA loan in any part of the Lone Star State, including rural areas.

Texas FHA Loan Requirements

Keep in mind that each application is looked at individually, and FHA loans have a considerable amount of leniency in what is required for an approval. There are some concrete loan requirements set out by the FHA though, which dictates what loans they will insure. The following information is written in the context of buying a home with a FHA loan. If you already have a FHA loan, or if you wish to refinance into a FHA loan, please click here to learn about FHA refinancing.

The mandatory Texas FHA loan requirements for a home purchase are as follows:

  • Primary Residence – You must occupy the home that you intend to purchase and have it be your primary residence. The FHA does not insure investment properties. Multifamily homes are allowed, which can have up to 4 units, but you must occupy at least one of them for it to be eligible for a FHA home loan in Texas.
  • Credit Score – A credit score of 580 or higher is needed for FHA loans.  This includes first time home buyer mortgages, repeat buyer loans, and any FHA refinance program.
  • Job History – Proof of employment for 2 years is required. It is ok if you have changed jobs, but you need to show consistency of income.
  • Income Documentation – Paystubs and tax returns are required to show employment income, as well as bank statements, including your checking or savings accounts.
  • DTI Ratio – Your monthly debts, including your new mortgage payment, must not exceed 43% of your bring home income.  What you want to do is calculate all of your current monthly debts (do not include anything that does not show on your credit report – only those that appear on a credit report are counted).  Then, take the total of your current debts, plus what your expected new mortgage payment, and get a total.  Let’s say your current monthly debts are $750 and your new mortgage payment will be $1,000/month.  Your total monthly debts would be $1,750.  Compare this amount to your monthly income to calculate your DTI ratio.  Your monthly debts compared to your monthly income shall not exceed 43% for you to qualify for a FHA loan.

You can calculate your new FHA payment below. Not sure what your FHA interest rate will be?  We can provide you with a free consultation and rate quote.

FHA Mortgage Calculator

%

Total Monthly Payment

$0

FHA base loan amount$0
FHA upfront MIP 1.75%$0
FHA total loan amount$0
Principal & interest$0
FHA MIP 0%$0
Monthly escrow$0
Down payment0%

  • Price of Home – Enter the price of the home you want to buy. If you do not have a home in mind yet, just add in a number in the range you expect to want to buy a home for.
  • Mortgage – The second field titled “mortgage”, is by default on a 30 year fixed loan schedule.  This is the most common loan repayment schedule selected for FHA loans.  You can change it to 20 years, 15 years, or 10 years if you want a shorter loan amortization.
  • Interest Rate – The interest rate a borrower receives depends on their credit, income, and other qualifying factors.  To get an actual rate quote, you will need to speak with a licensed loan officer.  You can call 1-800-731-3560 to speak with a loan specialist and receive a rate quote.
  • Down Payment – FHA loans require a 3.5% down payment.  If you would like to put more down, add in more into the down payment field.  Please note that not everyone will qualify for a 3.5% down payment, and of course, not all applicants are approved for a loan at all.  The 3.5% is the amount that many FHA loan applicants will be allowed as a minimum down payment.
  • Property Taxes – Add the annual taxes for the home you want to buy.  To find out how much the annual property taxes are, check with the county accessor.  You can also ask a real estate agent to help you find out what the exact annual property taxes are for a home you are interested in.
  • Annual Insurance – The amount that the annual homeowners insurance will cost depends on the property you intend to buy, your homeowners insurance claim history (if you have owned a home before, and had to make a claim), and the specific homeowners insurance company that you select to insure your home.
  • Down Payment – This is the percentage that is calculated based upon the home purchase price and the down payment amount.

After summiting information into these fields, it will calculate how much the FHA mortgage payment will be based upon these numbers.  The next set of data presented on the right side and shows under the total monthly payment is as follows:

  • FHA Base Loan Amount -This is the amount of your loan after subtracting your down payment from the total, but prior to adding in the FHA upfront mortgage insurance premium (UPMIP).
  • FHA Upfront MIP – All FHA loans require a 1.75% upfront mortgage insurance premium to be paid. This is calculated from the base loan amount. This 1.75% is the same for any borrower and on any type of FHA loan. It does not vary from one FHA lender to another.
  • FHA Total Loan Amount – This is the combined total of your FHA base loan amount (after subtracting the down payment), along with the FHA UPMIP. You have the option to pay the FHA UPMIP amount out of pocket, or you can wrap it into the loan amount.  Most decide to include it in the loan amount, so we have it automatically added on the calculator.
  • Principle and Interest – This is the amount of your mortgage payment before adding mortgage insurance, and property taxes, and property insurance.
  • FHA MIP – This is the monthly mortgage insurance premiums required on all FHA loans.   The amount depends on the type of loan, how many years the repayment schedule is (such as 15 years or 30 years), and the loan-to-value (LTV) ratio.  A 15 year loan with a LTV less than 90%, the monthly MIP will be 0.45%.  A 15 year loan with a LTV greater than 90%, the monthly MIP will be 0.70%.  For a 30 year loan with a LTV less than 95% the monthly MIP is 0.80%.  For a 30 year loan with a LTV greater than 95%, the monthly MIP is 0.85%.
  • Monthly Escrow – This is how much your property taxes and property insurance is after taking the annual amounts and dividing them by 12 monthly payments.

Would you like to receive more information or apply for a FHA loan?

Texas FHA Loan Limits for 2018

The lending limits for a FHA loan are set at the county level. Find your county below and match it to how many units the property you want to buy is (1-4 units).

County Single Family 2 Family 3 Family 4 Family
ANDERSON $294,515 $377,075 $455,800 $566,425
ANDREWS $294,515 $377,075 $455,800 $566,425
ANGELINA $294,515 $377,075 $455,800 $566,425
ARANSAS $294,515 $377,075 $455,800 $566,425
ARCHER $294,515 $377,075 $455,800 $566,425
ARMSTRONG $294,515 $377,075 $455,800 $566,425
ATASCOSA $359,950 $460,800 $557,000 $692,200
AUSTIN $331,200 $424,000 $512,500 $636,900
BAILEY $294,515 $377,075 $455,800 $566,425
BANDERA $359,950 $460,800 $557,000 $692,200
BASTROP $384,100 $491,700 $594,350 $738,650
BAYLOR $294,515 $377,075 $455,800 $566,425
BEE $294,515 $377,075 $455,800 $566,425
BELL $294,515 $377,075 $455,800 $566,425
BEXAR $359,950 $460,800 $557,000 $692,200
BLANCO $294,515 $377,075 $455,800 $566,425
BORDEN $294,515 $377,075 $455,800 $566,425
BOSQUE $294,515 $377,075 $455,800 $566,425
BOWIE $294,515 $377,075 $455,800 $566,425
BRAZORIA $331,200 $424,000 $512,500 $636,900
BRAZOS $294,515 $377,075 $455,800 $566,425
BREWSTER $294,515 $377,075 $455,800 $566,425
BRISCOE $294,515 $377,075 $455,800 $566,425
BROOKS $294,515 $377,075 $455,800 $566,425
BROWN $294,515 $377,075 $455,800 $566,425
BURLESON $294,515 $377,075 $455,800 $566,425
BURNET $294,515 $377,075 $455,800 $566,425
CALDWELL $384,100 $491,700 $594,350 $738,650
CALHOUN $294,515 $377,075 $455,800 $566,425
CALLAHAN $294,515 $377,075 $455,800 $566,425
CAMERON $294,515 $377,075 $455,800 $566,425
CAMP $294,515 $377,075 $455,800 $566,425
CARSON $294,515 $377,075 $455,800 $566,425
CASS $294,515 $377,075 $455,800 $566,425
CASTRO $294,515 $377,075 $455,800 $566,425
CHAMBERS $331,200 $491,700 $594,350 $636,900
CHEROKEE $294,515 $377,075 $455,800 $566,425
CHILDRESS $294,515 $377,075 $455,800 $566,425
CLAY $294,515 $377,075 $455,800 $566,425
COCHRAN $294,515 $377,075 $455,800 $566,425
COKE $294,515 $377,075 $455,800 $566,425
COLEMAN $294,515 $377,075 $455,800 $566,425
COLLIN $386,400 $494,650 $597,900 $743,100
COLLINGSWORTH $294,515 $377,075 $455,800 $566,425
COLORADO $294,515 $377,075 $455,800 $566,425
COMAL $359,950 $460,800 $557,000 $692,200
COMANCHE $294,515 $352,950 $455,800 $566,425
CONCHO $294,515 $377,075 $455,800 $566,425
COOKE $294,515 $377,075 $455,800 $566,425
CORYELL $294,515 $377,075 $455,800 $566,425
COTTLE $294,515 $377,075 $455,800 $566,425
CRANE $294,515 $377,075 $455,800 $566,425
CROCKETT $294,515 $377,075 $455,800 $566,425
CROSBY $294,515 $377,075 $455,800 $566,425
CULBERSON $294,515 $377,075 $455,800 $566,425
DALLAM $294,515 $377,075 $455,800 $566,425
DALLAS $386,400 $494,650 $597,900 $743,100
DAWSON $294,515 $377,075 $455,800 $566,425
DEAF SMITH $294,515 $377,075 $455,800 $566,425
DELTA $294,515 $377,075 $455,800 $566,425
DENTON $386,400 $494,650 $597,900 $743,100
DEWITT $294,515 $377,075 $455,800 $566,425
DICKENS $294,515 $377,075 $455,800 $566,425
DIMMIT $294,515 $377,075 $455,800 $566,425
DONLEY $294,515 $377,075 $455,800 $566,425
DUVAL $294,515 $377,075 $455,800 $566,425
EASTLAND $294,515 $377,075 $455,800 $566,425
ECTOR $294,515 $377,075 $455,800 $566,425
EDWARDS $294,515 $377,075 $455,800 $566,425
EL PASO $294,515 $377,075 $455,800 $566,425
ELLIS $386,400 $494,650 $597,900 $743,100
ERATH $294,515 $377,075 $455,800 $566,425
FALLS $294,515 $377,075 $455,800 $566,425
FANNIN $294,515 $377,075 $455,800 $566,425
FAYETTE $294,515 $377,075 $455,800 $566,425
FISHER $294,515 $377,075 $455,800 $566,425
FLOYD $294,515 $377,075 $455,800 $566,425
FOARD $294,515 $377,075 $455,800 $566,425
FORT BEND $331,200 $424,000 $512,500 $636,900
FRANKLIN $294,515 $377,075 $455,800 $566,425
FREESTONE $294,515 $377,075 $455,800 $566,425
FRIO $294,515 $377,075 $455,800 $566,425
GALVESTON $331,200 $424,000 $512,500 $636,900
GARZA $294,515 $377,075 $455,800 $566,425
GILLESPIE $294,515 $377,075 $455,800 $566,425
GLASSCOCK $294,515 $377,075 $455,800 $566,425
GOLIAD $294,515 $377,075 $455,800 $566,425
GONZALES $294,515 $377,075 $455,800 $566,425
GRAY $294,515 $377,075 $455,800 $566,425
GRAYSON $294,515 $377,075 $455,800 $566,425
GREGG $294,515 $377,075 $455,800 $566,425
GRIMES $294,515 $377,075 $455,800 $566,425
GAUDALUPE $359,950 $460,800 $557,000 $692,200
HALE $294,515 $377,075 $455,800 $566,425
HALL $294,515 $377,075 $455,800 $566,425
HAMILTON $294,515 $377,075 $455,800 $566,425
HANSFORD $294,515 $377,075 $455,800 $566,425
HARDEMAN $294,515 $377,075 $455,800 $566,425
HARDIN $294,515 $377,075 $455,800 $566,425
HARRIS $331,200 $424,000 $512,500 $636,900
HARRISON $294,515 $377,075 $455,800 $566,425
HARTLEY $294,515 $377,075 $455,800 $566,425
HASKELL $294,515 $377,075 $455,800 $566,425
HAYS $384,100 $491,700 $594,350 $738,650
HEMPHILL $294,515 $377,075 $455,800 $566,425
HENDERSON $294,515 $377,075 $455,800 $566,425
HIDALGO $294,515 $377,075 $455,800 $566,425
HILL $294,515 $377,075 $455,800 $566,425
HOCKLEY $294,515 $377,075 $455,800 $566,425
HOOD $386,400 $494,650 $597,900 $743,100
HOPKINS $294,515 $377,075 $455,800 $566,425
HOUSTON $294,515 $377,075 $455,800 $566,425
HOWARD $294,515 $377,075 $455,800 $566,425
HUDSPETH $294,515 $377,075 $455,800 $566,425
HUNT $386,400 $494,650 $597,900 $743,100
HUTCHINSON $294,515 $377,075 $455,800 $566,425
IRION $294,515 $377,075 $455,800 $566,425
JACK $294,515 $377,075 $455,800 $566,425
JACKSON $294,515 $377,075 $455,800 $566,425
JASPER $294,515 $377,075 $455,800 $566,425
JEFF DAVIS $294,515 $377,075 $455,800 $566,425
JEFFERSON $294,515 $377,075 $455,800 $566,425
JIM HOGG $294,515 $377,075 $455,800 $566,425
JIM WELLS $294,515 $377,075 $455,800 $566,425
JOHNSON $386,400 $494,650 $597,900 $743,100
JONES $294,515 $377,075 $455,800 $566,425
KARNES $294,515 $377,075 $455,800 $566,425
KAUFMAN $386,400 $494,650 $597,900 $743,100
KENDALL $359,950 $460,800 $557,000 $692,200
KENEDY $294,515 $377,075 $455,800 $566,425
KENT $294,515 $377,075 $455,800 $566,425
KERR $294,515 $377,075 $455,800 $566,425
KIMBLE $294,515 $377,075 $455,800 $566,425
KING $294,515 $377,075 $455,800 $566,425
KINNEY $294,515 $377,075 $455,800 $566,425
KLEBERG $294,515 $377,075 $455,800 $566,425
KNOX $294,515 $377,075 $455,800 $566,425
LA SALLE $294,515 $377,075 $455,800 $566,425
LAMAR $294,515 $377,075 $455,800 $566,425
LAMB $294,515 $377,075 $455,800 $566,425
LAMPASAS $294,515 $377,075 $455,800 $566,425
LAVACA $294,515 $377,075 $455,800 $566,425
LEE $294,515 $377,075 $455,800 $566,425
LEON $294,515 $377,075 $455,800 $566,425
LIBERTY $331,200 $424,000 $512,500 $636,900
LIMESTONE $294,515 $377,075 $455,800 $566,425
LIPSCOMB $294,515 $377,075 $455,800 $566,425
LIVE OAK $294,515 $377,075 $455,800 $566,425
LLANO $294,515 $377,075 $455,800 $566,425
LOVING $294,515 $377,075 $455,800 $566,425
LUBBOCK $294,515 $377,075 $455,800 $566,425
LYNN $294,515 $377,075 $455,800 $566,425
MADISON $294,515 $377,075 $455,800 $566,425
MARION $294,515 $377,075 $455,800 $566,425
MARTIN $294,515 $377,075 $455,000 $566,425
MASON $294,515 $377,075 $455,800 $566,425
MATAGORDA $294,515 $377,075 $455,800 $566,425
MAVERICK $294,515 $377,075 $455,800 $566,425
MCCULLOCH $294,515 $377,075 $455,800 $566,425
MCLENNAN $294,515 $377,075 $455,800 $566,425
MCMULLEN $294,515 $377,075 $455,800 $566,425
MEDINA $359,950 $460,800 $557,000 $692,200
MENARD $294,515 $377,075 $455,800 $566,425
MIDLAND $294,515 $377,075 $365,100 $441,300
MILAM $294,515 $377,075 $455,800 $566,425
MILLS $294,515 $377,075 $455,800 $566,425
MITCHELL $294,515 $377,075 $455,800 $566,425
MONTAGUE $294,515 $377,075 $455,800 $566,425
MONTGOMERY $331,200 $424,000 $512,500 $636,900
MOORE $294,515 $377,075 $455,800 $566,425
MORRIS $294,515 $377,075 $455,800 $566,425
MOTLEY $294,515 $377,075 $455,800 $566,425
NACOGDCHES $294,515 $377,075 $455,800 $566,425
NAVARRO $294,515 $377,075 $455,800 $566,425
NEWTON $294,515 $377,075 $455,800 $566,425
NOLAN $294,515 $377,075 $455,800 $566,425
NUECES $294,515 $377,075 $455,800 $566,425
OCHILTREE $294,515 $377,075 $455,800 $566,425
OLDHAM $294,515 $377,075 $455,800 $566,425
ORANGE $294,515 $377,075 $455,800 $566,425
PALO PINTO $294,515 $377,o75 $455,800 $566,425
PANOLA $294,515 $377,075 $455,800 $566,425
PARKER $386,400 $494,650 $597,900 $743,100
PARMER $294,515 $377,075 $455,800 $566,425
PECOS $294,515 $377,075 $455,800 $566,425
POLK $294,515 $377,075 $455,800 $566,425
POTTER $294,515 $377,075 $455,800 $566,425
PRESIDIO $294,515 $377,075 $455,800 $566,425
RAINS $294,515 $377,075 $455,800 $566,425
RANDALL $294,515 $377,075 $455,800 $566,425
REAGAN $294,515 $377,075 $455,800 $566,425
REAL $294,515 $377,075 $455,800 $566,425
RED RIVER $294,515 $377,075 $455,800 $566,425
REEVES $294,515 $377,075 $455,800 $566,425
REDUGIO $294,515 $377,075 $455,800 $566,425
ROBERTS $294,515 $377,075 $455,800 $566,425
ROBERTSON $294,515 $377,075 $455,800 $566,425
ROCKWALL $386,400 $494,650 $597,900 $743,100
RUNNELS $294,515 $377,075 $455,800 $566,425
RUSK $294,515 $377,075 $455,800 $566,425
SABINE $294,515 $377,075 $455,800 $566,425
SAN AUGUSTINE $294,515 $377,075 $455,800 $566,425
SAN JACINTO $294,515 $377,075 $455,800 $566,425
SAN SABA $294,515 $377,075 $455,800 $566,425
SCHLEICHER $294,515 $377,075 $455,800 $566,425
SCURRY $294,515 $377,075 $455,800 $566,425
SHACKELFORD $294,515 $377,075 $455,800 $566,425
SHELBY $294,515 $377,075 $455,800 $566,425
SHERMAN $294,515 $377,075 $455,800 $566,425
SMITH $294,515 $377,075 $455,800 $566,425
SOMERVELL $386,400 $494,650 $597,900 $743,100
STARR $294,515 $377,075 $455,800 $566,425
STEPHENS $294,515 $377,075 $455,800 $566,425
STERLING $294,515 $377,075 $455,800 $566,425
STONEWALL $294,515 $377,075 $455,800 $566,425
SUTTON $294,515 $377,075 $455,800 $566,425
SWISHER $294,515 $377,075 $455,800 $566,425
TARRANT $386,400 $494,650 $597,900 $743,100
TAYLOR $294,515 $377,075 $455,800 $566,425
TERRELL $294,515 $377,075 $455,800 $566,425
TERRY $294,515 $377,075 $455,800 $566,425
THROCKMORTON $294,515 $377,075 $455,800 $566,425
TITUS $294,515 $377,075 $455,800 $566,425
TOM GREEN $294,515 $377,075 $455,800 $566,425
TRAVIS $384,100 $491,700 $594,350 $738,650
TRINITY $294,515 $377,075 $455,800 $566,425
TYLER $294,515 $377,075 $455,800 $566,425
UPSHER $294,515 $377,075 $455,800 $566,425
UPTON $294,515 $377,075 $455,800 $566,425
UVALDE $294,515 $377,075 $455,800 $566,425
VAL VERDE $294,515 $377,075 $455,800 $566,425
VAN ZANDT $294,515 $377,075 $455,800 $566,425
VICTORIA $294,515 $377,075 $455,800 $566,425
WALKER $294,515 $377,075 $455,800 $566,425
WALLER $331,200 $424,000 $512,500 $636,900
WARD $294,515 $377,075 $455,800 $566,425
WASHINGTON $294,515 $377,075 $455,800 $566,425
WEBB $294,515 $377,075 $455,800 $566,425
WHARTON $294,515 $377,075 $455,800 $566,425
WHEELER $294,515 $377,075 $455,800 $566,425
WICHITA $294,515 $377,075 $455,800 $566,425
WILBARGER $294,515 $377,075 $455,800 $566,425
WILLACY $294,515 $377,075 $455,800 $566,425
WILLIAMSON $384,100 $491,700 $594,350 $738,650
WILSON $359,950 $460,800 $557,000 $692,200
WINKLER $294,515 $377,075 $455,800 $566,425
WISE $386,400 $494,650 $597,900 $743,100
WOOD $294,515 $377,075 $455,800 $566,425
YOAKUM $294,515 $377,075 $455,800 $566,425
YOUNGELL $294,515 $377,075 $455,800 $566,425
ZAPATA $294,515 $377,075 $455,800 $566,425
ZAVALA $294,515 $377,075 $455,800 $566,425

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