3.5% Laredo Texas FHA Mortgage Lenders

3.5% Down Laredo Texas FHA Mortgage Lenders
FHA Mortgage Lenders provide an excellent opportunity to buy a home in Laredo, TX.  The FHA (Federal Housing Administration) was created to give the Americans a better chance at owning their own home.  FHA Mortgage Lenders provide home financing to many that might not otherwise qualify for a conventional mortgage.  Many people think of FHA Mortgage Lenders as being synonymous with first time home buying.  While they are certainly a great choice for first time home buyers, they are also a great option for a repeat move up home buyers.

Popular Laredo Texas Mortgage Programs Include:

Laredo Good Credit –Bad CreditNo Credit + No Problem + We work with everyone towards home ownership! Whether you’re a Laredo, Texas first Time buyer moving to a new home, or want to FHA refinance your existing conventional or Laredo, Texas debt Consolidation, or if you cannot meet the FHA mortgage qualifications for an FHA mortgage we will show you how to purchase or refinance a home using our bank statement only mortgage program.

Laredo TEXAS FHA MORTGAGE LENDERS PROVIDE THE BEST OPTIONS:   Research Laredo, Texas home loan programs which help you to buy a Laredo, Texas home. Also, learn about FHA minimum credit score requirements, or get pre-approved today. FHA-MORTGAGE-LENDERS.COM will show you the advantages of how to qualify for a Laredo, Texas FHA mortgage if you are a First Time Home buyer seeking a Bad Credit FHA Mortgage have lack to credit seeking a No Credit FHA Mortgage or a current homeowner and want to learn about an FHA Mortgage Refinance.




  • 12 months after a chapter 13 Bankruptcy FHA mortgage Lender approvals!
  • 24 months after a chapter 7 Bankruptcy FHA mortgage Lender approvals!
  • 3 years after a Foreclosure FHA mortgage Lender approvals!
  • No Credit Score FHA mortgage Lender approvals!
  • 580 required for 96.5% financing or 3.5% down payment FHA mortgage Lender approvals.
  • 500 required for 90% financing or 10% down payment FHA mortgage Lender approvals.
  • Bad Credit with minimum 500 FICO credit score with 10% Down Payment FHA. For FHA mortgage applicants with credit scores between 500 and 579 must make down payments of at least 10% down!
  • Read more about FHA Qualifying Qualification SummaryManual UnderwriteCollections-Judgement’sBankruptcy or ForeclosureCompensating Factors



  1. Single-family Homes
  2. Town homes To Be Sure its not a condo make sure it has a lot and block check for lot and/or block legal descriptions.
  3. ManufacturedManufacture home with land only- No leased land.
  4. CondominiumSearch Laredo, Texas FHA Approved Condos
  5. Jumbo
  6. Modular
  7. Villacheck for lot and/or block legal descriptions.

YOU REALLY NEED AN Laredo, Texas FHA MORTGAGE SPECIALIST! When you decide to apply for a Laredo, Texas home loan through Laredo, Texas FHA mortgage lender you need to know you’re dealing with experienced full-time FHA mortgage lenders who know the ins and out of this complex mortgage program. In additions to the FHA mortgage, we offer a huge assortment of VA lenders including FHA, Conventional & Private Laredo, Texas FHA mortgage programs built around Laredo, Texas home buyers and homeowners.

Whether you’re buying a first home using our great FHA mortgage program or refinancing a home you already own using traditional Laredo, Texas mortgage financing, nothing helps more than having a seasoned Laredo, Texas FHA mortgage lender working hard answer all your Laredo, Texas FHA mortgage questions!


  • What is an FHA Mortgage loan? The FHA program was created in 1934 and is a division of the Department of (HUD) Housing and Urban Development. An FHA mortgage loan is a mortgage that is insured by the Federal Housing Administration (FHA) and funded by private Laredo, Texas FHA approved mortgage lenders.
  • Are FHA mortgage for first time home buyers only? NO, FHA mortgage loans are NOT for firsttime buyers only. FHA Mortgage Lenders can be used by first-time buyers and repeat buyers alike. The FHA mortgage is often marketed as a product for “first–time buyers” because of its low down payment and flexible credit score andd debt to income ratio requirements. FHA mortgage applicants can even use the program to purchase an FHA approved investment property.
  • How Does The FHA Mortgage Insurance Work? Anyone who takes out FHA mortgage finances the insurance into the FHA mortgage loan amount. This “Up Front Mortgage Insurance ” cost is called the “UFMIP”. The upfront mortgage insurance premium paid on all FHA mortgages is paid to the government and use the funding fee money to reimburse Laredo, Texas FHA Mortgage lenders who were forced to foreclose on mortgages that were financed to bad credit mortgage applicants. Think of the funding fee as the foreclosure “insurance fund” for the FHA Laredo, Texas Mortgage Lenders. In addition to the upfront funding fee, the borrower is also required to pay a small monthly fee to the FHA as part of their monthly mortgage payment. The monthly fee is called monthly MIP or mortgage insurance premium.
  • Do I have to be a first time mortgage buyer to use the FHA mortgage? No you do not have to be a first time Laredo, Texas home buyer but the FHA mortgage is only for a Primary home purchase only.
  • Can I roll all the closing costs into the FHA mortgage? You are permitted to finance the upfront FHA funding fee only. FHA mortgage closing costs can be paid by the seller up to 6% and must be negotiated up front in your purchase and sale agreement.
  • Can I get an FHA Mortgage after a Foreclosure or Bankruptcy? YES! you can qualify for an FHA mortgage 3 years after the title was transferred out of your name.A borrower may also still qualify for an FHA insured loan after declaring Chapter 13 bankruptcy, if at least 1 year of the bankruptcy payout period has passed and the borrower has been making satisfactory payments. In these cases, the FHA mortgage applicant must also request permission from the court to enter into a new FHA mortgage loan. declaring Chapter 7 bankruptcy, if at least 2 years have passed since the bankruptcy discharge date. FHA mortgage applicants must also have re-established good credit or have opted to incur no new debts (this means you specifically chose to take out no new loans, credit cards, etc.)
  • What is the minimum down payment for FHA Mortgage? Currently, 3.5% can from family gift or grant.
  • Can my parents or other relatives give me money? Yes, provided the money is considered a gift and your relative sign and date the proper gift letter documentation.
  • Is there a maximum FHA Mortgage Loan Amount? Yes, see maximum loan limits below based on the Laredo, Texas county.

The FHA mortgage is so popular is because Laredo, Texas mortgage applicants use them are able to take advantage of benefits and protections unavailable with any other mortgage loan program. Loans through the FHA are insured by the government, so the Laredo, Texas mortgage lenders that approve these loans are more lenient. The advantages outweigh any other mortgage program and include and include the following:

  • Lower Cost & Fees- In addition to lower interest rates, FHA borrowers enjoy lower costs on other fees like closing costs, FHA mortgage insurance and  govt regulated closing cost.
  • Easier to Qualify- While most mortgage loans prohibit applicants with bad credit history and low credit scores, the FHA mortgage loans available with lower requirements so its easier for you to qualify.
  • Lowest  Interest Rates- You’ve heard the horror stories of subprime borrowers who couldn’t keep up with their mortgage interest rates. Well, FHA Mortgage Lenders usually offer lower interest rates to help homeowners afford housing payments.
  • Bankruptcy / Foreclosure- You can purchase a home while in a chapter 13 bankruptcy or suffered a previous foreclosure in the past few years doesn’t mean you’re excluded from qualifying for an FHA loan. As long as you meet other requirements that satisfy the FHA, such as re-establishment of good credit, solid payment history, etc., you can still qualify.
  • No Credit Score/ No Trade Lines OK! – The FHA usually requires two lines of credit for qualifying applicants. If you don’t have a sufficient credit history, you can try to qualify through a with the FHA no credit mortgage loan!

For many Laredo, Texas FHA mortgage applicants, using an FHA mortgage can really make the difference between owning your dream house affordability and getting out of the never-ending rental trap. The FHA mortgage provides a wealth of benefits for Laredo, Texas mortgage applicants that qualify, so please make full use of them.

Zip codes: 78040, 78041, 78043, 78045, 78046.
Zip code 78040 statistics: (Find on map)
Median gross rent in 2016: $645
Median price asked for vacant for-sale houses and condos in 2016: $129,775
Unemployment: 5.0%
49 houses sold in Q2 2011 for a median price of $140,767
Estimated zip code population in 2016: 43,053
Zip code population in 2010: 42,083
Zip code population in 2000: 43,215
Mar. 2016 cost of living index in zip code 78040: 83.7 (less than average, U.S. average is 100)
Land area: 6.3 sq. mi.
Water area: 0.1 sq. mi.
Population density: 6,834 people per square mile (high).
Males: 20,759 (48.2%)
Females: 22,293 (51.8%)
Real estate property taxes paid for housing units in 2016: 1.9% ($1,534)
Median real estate property taxes paid for housing units with mortgages in 2016: $1,819 (2.0%)
Median real estate property taxes paid for housing units with no mortgage in 2016: $1,410 (1.8%)
Estimated median house/condo value in 2016: $81,911
Estimated median household income in 2016: $23,713
Median monthly owner costs for units with a mortgage: $998
Median monthly owner costs for units without a mortgage: $389

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