Loan Program
FHA Loans
The most flexible way in for buyers who do not fit conventional guidelines yet.
Overview
What this program is for.
FHA loans are insured by the Federal Housing Administration, which lets lenders accept a lower down payment and a wider credit profile than conventional financing. For many first-time and returning buyers in the Dallas Fort Worth market, this is what makes the purchase possible this year instead of in three years.
The trade off is mortgage insurance for the life of most FHA loans, so Lisamarie prices FHA next to conventional before you choose, and tells you which one actually costs less over the time you plan to stay.
Highlights
FHA Loans at a glance.
3.5% down
Available to qualified borrowers on eligible FHA purchases.
Flexible credit guidelines
Built for profiles that conventional underwriting turns away.
Gift funds allowed
Down payment can come from an eligible gift.
Compared honestly
You see the FHA and conventional cost side by side, not just one option.
How It Runs
The same four steps, every file.
01. Pre-Approval
A real pre-approval tells you your range, makes your offer credible to a listing agent, and sets the file up to move fast.
02. Loan Application
A defined document list, given to you once and up front, not drip fed as a series of surprise requests.
03. Underwriting
Your file is reviewed and conditions are cleared as they come in. You are told where it stands rather than left guessing.
04. Closing
Documents are drawn and sent to the title company, and you sign. Closing on time is the commitment.
Also Consider
Related programs.
First-Time Buyers
A real pre-approval, and someone who explains every decision before you have to make it.
Learn more →Conventional Loans
The standard on most Texas purchases, and often the cheapest once you have equity or strong credit.
Learn more →VA Loans
The strongest benefit in the market for eligible veterans, service members and surviving spouses.
Learn more →
