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First-Time Home Buyers in Texas

First Time Buyers - Only 3.5% Down
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Financing Options for First-Time Texas Homebuyers

FHA loans are a great option for first-time homebuyers, but you don’t need to be a first-time buyer to qualify.

Texas first-time home buyers purchasing their first home with low down payment mortgage options

Unlock your Texas dream home with FHA loans—featuring low down payments and flexible credit guidelines that make homeownership more accessible. View FHA Requirements:  FHA.com/requirements

First-Time Home Buyer Loan Benefits:

  • Down Payment – Only Down 3.5%
  • Down Payment Gift Funds Allowed
  • Seller paid closing costs up to 6%
  • In-house Flexible Underwriting
  • Higher Debt-to-Income Ratios OK
  • Lower Credit Scores OK
  • 600 credit scores OK with 3.5% Down (can include gift funds)
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Texas FHA Guidelines
Texas FHA Loans

$541,287 MAX VALUE

Stable monthly payment with less money down

Minimum FICO Credit Score

600

Minimum Down Payment

3.5%

Maximum Loan To Value

96.5%*

Maximum Debt To Income

55%*

Mortgage Insurance

Yes

Years Since Bankcruptcy

2

Years Since Foreclosure

3

Years Since Short Sale

3

Special Qualification Requirements

NONE

Texas first-time home buyers working with an FHA lender to purchase their first home

Texas FHA Loan Highlights

  • 2026 loan limits: $541,287
  • Minimum down 3.5%
  • Minimum FICO >600

First-Time Buyer FHA Loans

FHA loans offer Texas homebuyers a more accessible path to ownership with low down payments and flexible credit standards. These government-backed loans are a popular choice for first-time buyers. We’re here to guide you through every step of the process.

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Lone Star Financing | Trusted Texas FHA Lender
 
First-time home buyer loans in Texas with low down payment and flexible credit requirements

Questions about buying your first home in Texas? Speak with an FHA specialist.

First Time Home Buyer Guidelines in Texas

What is a FHA First Time Buyer Loan?

An FHA first-time buyer loan is a mortgage backed by the Federal Housing Administration designed to help new homebuyers, especially those with lower credit scores or limited savings, access affordable financing. It typically requires a lower down payment and has more flexible credit requirements than conventional loans, making homeownership more accessible.

First Time Buyer Requirements

Here are some common requirements for first-time homebuyer loans in Texas:

  1. Minimum Credit Score: Typically around 580 for FHA loans (or higher for other loans).
  2. Down Payment: As low as 3.5% for FHA loans; other programs may vary.
  3. Debt-to-Income Ratio: Generally should be below 43%, though some programs allow higher.
  4. Stable Income and Employment: Consistent income over the last two years.
  5. Property Requirements: Must be a primary residence and meet safety standards.
Texas FHA Loan Limits

For 2026, the FHA loan limit for a single-family home in Texas is $541,287, with higher limits for multi-unit properties.

FHA Loans Guide
Texas FHA loan pre-approvals for first-time homebuyers
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