As low as 3.5% down
Lone Star Financing describes FHA purchase options with down payments as low as 3.5% for qualifying borrowers. Credit and other requirements still apply.
Low down payment options · Texas
Texas
FHA loans.
A government-insured mortgage option for eligible buyers who want a smaller down payment and flexible qualification. FHA can work for a first home or your next primary residence.
Options depend on your qualifications, property, and lender review. This overview is not a loan approval or rate quote.
Know your options
How this
program works.
More than a first-home program
You do not have to be a first-time buyer to explore FHA financing. The home generally needs to be your primary residence.
Help with upfront funds
Gift funds and eligible down payment assistance may be options. We will review the documentation, assistance terms, and total cash to close.
Make an informed choice
What to
consider.
- FHA loans include mortgage insurance, which affects both upfront cost and the monthly payment.
- Loan limits vary by county and property size.
- Property condition, occupancy, credit, and debt-to-income requirements are part of the review.
Common questions
A clearer
starting point.
Do I need to be a first-time homebuyer?
No. FHA financing can be available to eligible repeat buyers as well as first-time buyers.
Is 3.5% down all the cash I need?
Not necessarily. Closing costs, prepaid expenses, and reserves may add to your cash needs. We will review the full estimate.
Can FHA be combined with assistance?
Some assistance programs can be combined with FHA, subject to availability, income, location, and other program rules.
A quick introduction
Let's find your
way home.
Tell me a little about your plans. I’ll help you understand your loan options and next steps.
npyles@lonestarfinancing.comPrefer to talk? Book a 15 minute call.