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3.5% DOWN BAD CREDIT TEXAS MORTGAGE LENDERS 

3.5% DOWN BAD CREDIT TEXAS MORTGAGE LENDERS 

Texas Mortgage Lenders Loan Programs Include:

Same Day Texas Bad Credit Loan Approvals! 

Many Bad Credit Texas mortgage applicants don’t realize these Government guaranteed low interest rate FHA, VA mortgage loans can help Texas home buyers with bad credit. Even If you have a bad credit past and you’re looking for a low Texas mortgage interest rate GA mortgage a government or private lender may be a better option then renting. 

BAD CREDIT TEXAS FHA MORTGAGE LENDERS: 

  • 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. 
  • Read more about buying a home with an FHA mortgage Bad Credit –No Credit – Investment –Second Home –Multi Family –  

BAD CREDIT TEXAS LENDERS MAKE QUALIFYING EASIER BECAUSE YOU CAN PURCHASE: 

  • 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 TEXAS 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 – 

BAD CREDIT FHA TEXAS LENDERS ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING 

We specialize in the following Bad Credit Texas Mortgage Loans: 

3.5% Texas FHA Mortgage Lenders Min 580 FICO!! 

  

 

Texas Bad Credit Mortgage Solutions! 

  • 1 day out of foreclosure, short sale, BK, DIL 
  • Rates starting in the low 5’s 
  • Bad Credit Texas Home Loans up to $1 million 
  • Credit scores down to 500 
  • Up to 85% LTV 
  • Combo loans up to 85% CLTV (min 680 score) 
  • DTI up to 50% considered 
  • Owner-occupied, 2nd homes, and investment properties 
  • Non-warrantable condos considered 
  • Jumbo loans down to 500 score 
  • 5/1 ARM or 30-year fixed 
  • No pre-payment penalty for owner-occ and 2nd homes 
  • No active tradelines OK with housing hisstory 
  • SFRs, townhomes, condos, 2-4 units 
  • Seller concessions to 6% (2% for investment) 

Contact your non-agency specialist today! 

ALL TEXAS SITUATIONS ARE WELCOME!!! 

The FHA mortgage can help you purchase a new Texas home with 3.5% down payment even if you have bad credit. Even If you’ve had accounts forwarded to collections, past bankruptcies or Foreclosures, high debt to income ratio, then you still may qualify for our bad credit or no credit Texas mortgage. These government backed bad credit Texas mortgage loans can work for Texas mortgage applicants that don’t have cash for a down payment or closing costs. And they are a much better choice than a Texas hard money loan. 

We work with all types of bad credit Texas mortgage applicants with all types of credit situations who described themselves as having “bad credit” – that are now Texas homeowners! The truth is, there are many more Bad credit mortgage applicants that will qualify for an FHA  mortgage over conventional mortgage. 

TEXAS BAD CREDIT REPAIR CHECKLIST  

Credit scores indicate to Texas mortgage lenders how well you manage money. You can improve bad credit mortgage application by demonstrating that you can now handle monthly obligations more responsibly. Furthermore, since bad credit scores could translate into high interest rates on your next bad credit Texas mortgage, your improved credit score will help you get lower interest rates when you are ready to qualify. 

HOW DO I IMPROVE BAD CREDIT TO QUALIFY FOR A TEXAS MORTGAGE? 

Here are a few ways bad credit Texas mortgage applicants can raise their chances of qualifying for a Texas mortgage: 

  1. Prove 12 months’ timely rental history either provide cancelled checks or verification of rent from a management company. In the hierarchy of credit if you can prove to the Texas bad credit mortgage lender timely rent then you have proven the ability to pay the mortgage. 
  1. Show the lender last 12 months’ timely payment history with 0 x 30 days late in the last 12 months on any credit reported obligations. 
  1. Keep all revolving charge card balances as low as possible less than 10% of the limit is best. 
  1. Negotiate all past collections on your credit report other than medical bills to show a zero balance. 

Related TEXAS Mortgage Information 

BAD CREDIT TEXAS MORTGAGE LENDERS PROGRAMS INCLUDE: 

BAD CREDIT TEXAS MORTGAGE ADVANTAGES INCLUDE: 

BAD CREDIT MORTGAGE LENDERS IN EVERY CITY AND COUNTY IN TEXAS INCLUDING: 

About Us

We are US Mortgage Lenders. Major real estate brokerages regularly entrust their clients to our team due to our reputation for transparency, delivering on time, customer satisfaction and loyalty. With five-star customer reviews on Zillow.com and counting, you’re assured of having the backing of an experienced team.

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