TOWNHOUSE Texas FHA townhouse villa mortgage lenders ALLOW MINIMAL DOWN PAYMENT AND CLOSING FEES:

• Down payment only 3.5% of the purchase price.
• Gifts from family or FHA Grants for down payment assistance and closing costs OK!
• Sellers can credit the buyer’s up to 6% of sales price towards buyers costs and pre-paid.
• No reserves or future payments in account required.
• FHA regulated closing costs.

TOWNHOUSE Texas FHA townhouse villa mortgage lenders ALLOW EASIER QUALIFYING BECAUSE YOU CAN PURCHASE:

• 12 months after a chapter 13 Bankruptcy Texas FHA mortgage Lender approvals!
• 24 months after a chapter 7 Bankruptcy Texas FHA mortgage Lender approvals!
• 3 years after a Foreclosure Texas FHA mortgage Lender approvals!
• No Credit Score Texas FHA mortgage Lender approvals!
• 580 required for 96.5% financing or 3.5% down payment Texas FHA mortgage Lender approvals.
• 500 required for 90% financing or 10% down payment Texas 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 Summary – Manual Underwrite – Collections-Judgement’s – Bankruptcy or Foreclosure – Compensating Factors –

TOWNHOUSE Texas FHA townhouse villa mortgage lenders ALLOW ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING

• FHA allows higher debt ratio’s than any conventional mortgage loan programs.
• Less than two years on the same job is OK!
• Self-employed buyers can also qualify with Texas FHA townhouse villa mortgage lenders.
• Read More about Gifts For Down Payment – Documents Checklist – Debt To Income – Student Loans –

ABOUT FHA TOWN HOME APPROVALS – Town homes, from many perspectives are much closer to what you would get when you purchase a single family home, as opposed to a condominium. In a town home you own the land under the home upon which your town home sits. You may have a homeowners association, as with a single family home and you will pay for your own homeowner’s insurance.

In a town home, you will have a split lot line that follows the interior wall of your unit that meets your neighbor. The outer boundary will be marked similar to a single family home. You can check the legal description, if marked as a lot and block in county records to tell for sure if you own the single unit and you will qualify for an FHA mortgage.

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