Texas FHA Loan Financing

FHA Purchase & Refinancing Solutions

Whether you’re looking to purchase your first home or you’d like to refinance your existing loan, let our Texas FHA loan professionals help you find the right mortgage product to meet your needs. The Decker Group works under First United Bank Mortgage to offer a variety of low money down FHA loan programs at competitive interest rates. Home buyers and homeowners in Texas and Oklahoma can take advantage of this popular home financing program if they meet the standard qualifications. To learn more about getting approved for an FHA loan, contact The Decker Group by calling (972) 591-3097.

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Get a Pre-Qualified for a FHA Loan in Minutes

What are FHA loans?

FHA loans are government insured home loans provided by FHA-approved lenders.
FHA stands for Federal Housing Administration which is a division of the Department of Housing and Urban Development (HUD).
FHA loans are popular among first time home buyers because thereis minimal down payment requirement and the down payment can be obtained in the form of a gift.

Requirements for OK & TX FHA Loans:

600 minimum credit score
Minimal down payment (call for details) however the down
payment can be a gift.
Require upfront mortgage insurance premium, which is typically
financed into the loan amount.
Monthly mortgage insurance required for most FHA loans (call
for details).
Must have a valid Social Security number
Two years of steady employment.
Any past bankruptcy is at least two years old.
Any past foreclosure is at least three years old.
These requirements are subject to change. Please contact The Decker Group for details and exact lending criteria.

Benefits of Texas Mortgage FHA Financing

Low down payment requirement.
Interest rates are often better than conventional loans, even for borrowers with less than perfect credit
Qualification is often less difficult than for conventional loans.
Can be eligible for FHA Streamline Refinancing later on.

Why Choose First United Bank Mortgage for Your Home Loan?

Low money down home financing options.
Aggressive Texas FHA mortgage rates.
Streamlined in-house underwriting and processing enables you to close faster.
Professional FHA financing consultants with years of experience.

* Mortgage programs and terms subject to change. Please call 972-591-3097 for more details.

Get Prequalified

Interested in buying or refinancing a home but are not sure you will qualify for the mortgage? Find out in just a few minutes what you are prequalified to borrow. Simply call (972) 591-3097 or submit your information through the secure online from to the right. You’ll be given a complimentary rate quote and evaluated for mortgage qualification.

Examples of mortgage products and scenarios listed on TXMortgageGroup.com

*30-Year Fixed-Rate Mortgage

The payment on a $200,000 30-year Fixed-Rate Loan at 5.00% and 70% loan-to-value (LTV) is $1073.64. The Annual Percentage Rate (APR) is 5.170%. Payment does not include taxes and insurance premiums.

*15-Year Fixed-Rate Mortgage

The payment on a $200,000 15-year Fixed-Rate Loan at 4.50% and 70% loan-to-value (LTV) is $1529.99. The Annual Percentage Rate (APR) is 4.787%. Payment does not include taxes and insurance premiums.

*FHA Loan

Rate is fixed. The payment on a $204,250, 30-year fixed rate loan at 5.00% and 90% loan-to-value (LTV) is $1248.79. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.0% of the base loan amount and a monthly MIP calculated at 0.90% of the base loan amount. The 0.90% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. The Annual Percentage Rate (APR) is 5.756%.

*30-year Fixed-Rate VA Loan

Rate is fixed. The payment on a $200,000 30-year fixed-rate loan at 5.00% and 90% loan-to-value (LTV) is $1100.65. The Annual Percentage Rate (APR) is 5.169%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

*Adjustable-Rate Mortgage

The payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 4.50% and 70% loan-to-value (LTV) is $1013.37. After 5 years, the principal and interest will increase or decrease based upon the value of the predetermined index. Payment does not include taxes and insurance premiums. The Annual Percentage Rate (APR) is 7.625%. Rate is variable.