| There are
lots of reasons to ask for an FHA loan instead of taking a conventional or an expensive
and risky sub-prime mortgage loan. Why not take advantage of the many benefits and
protections that only come with FHA: Easier to Qualify - Because FHA insures your mortgage, lenders are
more willing to give loans with lower qualifying requirements so its easier for you to
qualify.
Less than Perfect Credit -
Even if you have had credit problems, such as bankruptcy, its easier for you to qualify
for an FHA loan than a conventional loan.
Low Downpayment - FHA loans
have a low 3% downpayment, and that money can come from a family member, employer or
charitable organization. Other loans don't allow this.
Costs Less - Many times, FHA
loans have competitive interest rates because the loans are insured by the Federal
Government. Always compare an FHA loan with other loan types.
Help You Keep Your Home -
The FHA has been around since 1934 and will continue to be here to protect you when the
others walk away. Should you encounter hard-times after buying your home, FHA has many
options to help keep you in your home and avoid foreclosure.
Maximum Loan Amount -
The maximum amount of FHA loans is determined by geographic area:
| County Name |
One-Family |
Two-Family |
Three-Family |
Four-Family |
| Blanco County |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
| Burnet County |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
| Llano County |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
| Mason County |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
| San Saba County |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
| Travis County |
$288,750 |
$369,650 |
$446,800 |
$555,300 |
|
Judy Olds
Mortgage Loan Originator
NMLS ID: 208184
Mel Alexander
Mortgage Loan Originator
NMLS ID: 310558 |
