FHA Loan Specialists in Waxahachie, TX
Compare fha loan specialists in Waxahachie. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Texas before hiring.
Showing 16 fha loan specialists in Waxahachie, TX
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An FHA loan specialist in Waxahachie Texas helps homebuyers navigate Federal Housing Administration loans. These loans are popular in Texas due to lower down payment requirements and flexible credit guidelines. Specialists in Waxahachie understand local property values and Ellis County housing market conditions.
What Does a FHA Loan Specialist in Waxahachie Cost?
Typical costs for an FHA loan specialist in Texas include an origination fee of 1 to 2 percent of the loan amount. The upfront mortgage insurance premium is 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan terms and down payment. Closing costs in Waxahachie generally range from 3 to 5 percent of the purchase price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Waxahachie Texas?
For 2024 the FHA loan limit for a single-family home in Ellis County is $498,257. This limit applies to most areas in the Dallas-Fort Worth metro region. Limits may change annually based on housing market data.
What credit score is needed for an FHA loan in Texas?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may have higher requirements.
Are there Texas-specific requirements for FHA loans?
Texas law requires a 60-day waiting period after a foreclosure before applying for an FHA loan. The state also has specific homestead exemption rules that can affect property tax calculations. An FHA loan specialist can explain these details.