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Department of Housing and Urban Development. FHA loans in Texas require homeowners to make mortgage insurance premium MIP payments each month, but they are still an excellent way for borrowers with lower credit scores to purchase residences. Texas FHA mortgage lending limits can fluctuate based on local housing prices and the type of housing a person wishes to purchase. Before choosing an FHA-approved lender in Texas, talk to multiple banks or credit unions to find the best option.
FHA mortgage rates vary depending pull credit score the pull credit score and the overall state of the housing market.