1. Basic Guide To
FHA Loans
Federal Housing Administration Loan is insured by
U.S. Department of Housing and Urban Development
(HUD) and is popular among first time home-buyers.
Extra funding for renovations
and repairs can be borrowed
above & beyond the
purchased loan through
FHA 203k program.
Borrowers having a credit
score of 580 are required to
make 3.5% down payment
and 10% down payment is
required for credit score
500-579.
Gift funds are allowed
subjected to FHA guidelines.
Borrowers can fund their down
payments & closing costs with
the gift money.
For being eligible for an FHA
Loan, borrower should
demonstrate enough
monthly income to pay back
the loan.
FHA Loan limit is based
upon number of units in the
property & if the property is
situated in low-cost or high-
cost areas defined by FHA
guidelines.
You should have DTI ratio
of 31/43. However, a DTI
ratio of 50% is allowed in
some exceptional cases.
107 W. Hwy. 190
Copperas Cove, TX 76522
254-542-5100
10961 Gateway Blvd. West, Ste. 200
El Paso, TX 79935
915-843-2681
1320 N. Zaragoza Rd., Ste. 111
El Paso, TX 79936
915-858-1996
2201 Trimmier Rd.
Killeen, TX 76541
254-680-6158
14641 S. Padre Island Dr., Ste. B
Corpus Christi, TX 78418
361-949-4647
8522 Broadway St., Ste. 208
San Antonio, TX 78217
210-340-0404
7348 W. Adams Ave., Ste. 200
Temple, TX 76502
254-771-0020
3106 S. WS Young Dr., Bldg. D, Ste. 402
Killeen, TX 76542
254-953-7000
201 E. Central Texas Expwy., Ste. 1600
Harker Heights, TX 76548
254-680-6155
16165 North 83rd Ave., Ste. 200
Peoria, AZ 85382
480-752-3110
www.fcmloans4u.com
100 W. Central Texas Expwy., Ste. 300
Harker Heights, TX 76548
254-690-3765