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(512) 891-0778 loans@austincapitalmortgage.com NMLS: 229421, 1971339

Apply for an FHA Home Loan.

FHA home loans are government-issued loans with flexible options.

people looking at a laptop, filling out an FHA loan form

These include less strict credit requirements and qualifications, making this one of the easiest options for refinancing or purchasing a home. In short, FHA loans are easy and fast to qualify for, saving you money on your mortgage!

Austin Capital Mortgage works with clients in Austin, Houston, Dallas, San Antonio, and around the rest of the great state of Texas.

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How Does an FHA Loan Work?

FHA loans are insured by the Federal Housing Administration, and can be issued by banks or other agencies that are approved by the FHA.
Because these loans are insured, lenders have the ability to be more flexible with loan requirements. Additionally, FHA loans are often thought of as the most fast and convenient loan, with many first-time homebuyers opting for this option.

Payments and Options

Austin Capital Mortgage aims to provide clarity and keep our customers informed about the loans they are seeking out. Here’s a breakdown about FHA loan payments and options:

  • Similar to a 15-year or 30-year fixed rate mortgage, FHA loans allow you to make payments at any time – without worrying about prepayment penalties.
  • The FHA offers this loan with 30, 25, 20, and 15-year terms with fixed rates, meaning you will be able to pick the best option for you depending on how long you are planning to stay in your home. A 5-year adjustable rate option is also available.

What Are the Qualifications For an FHA Loan?

Comparing qualification requirements for a 30 or 15-year fixed rate loan and an FHA loan, is it clear to see that FHA requirements are much more flexible, allowing first-time home buyers access:

  • Credit scores as low as 580 may qualify
  • Refinance up to 97.75% of your primary home’s value
  • Buy a home with as little as 3.5% down payment

Buying a home for the first time often means exploring many loan options to find one that suits your unique needs. Austin Capital Mortgage is happy to help guide you along the way and get you settled into your first home! Give us a call today to get started.

Why Choose Austin Capital Mortgage?

Austin Capital Mortgage is proud of the legacy we’ve started – we’ve been ranked in the top 25 Central Texas lenders for 20 years running. We are trusted by not only home buyers, but also realtors, builders, and CPAs. Our ability to navigate complex deals, quickly, has earned us our reputation of providing exceptional service. Austin Capital Mortgage will:

  • Put you, your needs, and your unique situation first.
  • Offer some of the most competitive rates in the industry.
  • Close fast – in fact, most of our loans close in 30 days or less!
  • Offer our valued clients numerous types of loans, making it certain that we will find the ideal loan for you.

 

**Austin Capital Mortgage is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

Get started today!

Fill out the questionnaire on this page to start a discussion about your mortgage needs today!

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