FHA loans are fantastic options for homebuyers in Texas. They offer flexible financing and low down payments. 

The amount you can borrow fluctuates from year to year. 

And did you know the FHA loan limit can vary by county?

texas fha loan requirements

Here at the Wendy Thompson Lending Team, we’ve done the heavy lifting – we have the inside scoop on FHA loans in Texas for 2020.

And it’s a good thing, too.

With 254 counties in Texas, that’s a lot of data to keep track of!

Keep reading to see how much house you can buy in Texas.

FHA LOAN LIMITS TEXAS BY COUNTY

FHA loans are popular because they’re easier to qualify for than other mortgage types.

We’ll cover the requirements in a minute. First, I want to talk about Texas FHA loan limits by county.

Generally, Texas FHA loans limit your borrowing to $331,760. But it depends on where you’re looking to buy. High-cost areas might have a higher limit.

If you’re house-shopping in Bastrop County near Austin, your cap is $404,800.

The same limit of $404,800 applies for counties in and around the Dallas-Fort-Worth area.

The median listing price for a house in Texas is $283,499, so you should have some wiggle room.

Here’s a rundown of Texas FHA loan limits by county:

TEXAS FHA LOAN LIMITS

Overview:

Texas is the second-largest state, right behind Alaska. Home prices can vary throughout the 254 counties, depending on which part of the state you’re in. 

Generally, Texas FHA loan limits fall at the $331,760 mark. 

If you’re looking for a house in the Dallas-Fort Worth area, or near Austin, your limit goes up to $404,800.

FHA Loan Limits In Texas: 

  • Lowest: $331,760
  • Highest: $404,800
  • Website

FHA LOAN LIMITS TEXAS

COUNTIES

MAX FHA LOAN LIMIT FOR A SINGLE UNIT

Anderson County, Andrews County, Angelina County, Aransas County, Archer County, Armstrong County

$331,760

Austin County, Bailey County, Baylor County, Bee County, Bell County, Blanco County, Borden County

$331,760

Bosque County, Bowie County, Brazoria County, Brazos County, Brewster County, Brazos County 

$331,760

Brewster County, Briscoe County, Brooks County, Brown County, Burleson County, Burnet County

$331,760

Calhoun County, Callahan County, Cameron County, Camp County, Carson County, Cass County

$331,760

Castro County, Chambers County, Cherokee County, Childress County, Clay County, Cochran County 

$331,760

Coke County,  Coleman County, Collingsworth County, Colorado County, Comanche County

$331,760

Concho County, Cooke County, Coryell County, Cottle County, Crane County, Crockett County

$331,760

Crosby County, Culberson County,  Dallam County, Dawson County, Deaf Smith County, Delta County

$331,760

Dewitt County, Dickens County, Dimmit County, Donley County, Duval County, Eastland County

$331,760

Ector County, Edwards County, El Paso County, Erath County, Falls County, Fannin County

$331,760

Fayette County, Fisher County, Floyd County, Foard County, Fort Bend County, Franklin County 

$331,760

Freestone County, Frio County, Gaines County, Galveston County, Garza County, Gillespie County

$331,760

Glasscock County, Goliad County

$331,760

FHA LOAN REQUIREMENTS TEXAS

Now that you know how much you can borrow, let’s talk about FHA loan requirements in Texas.

To qualify, lenders will be looking for:

  • Acceptable credit profile
  • 3.5% down payment
  • Ability to repay the loan

What is an acceptable credit profile?

Great question… 

texas fha loan requirements

A strong credit record is sometimes the biggest roadblock to becoming a homeowner. But that’s why it pays to know what FHA loan requirements are in Texas.

To take advantage of a 3.5% down payment option, we recommend you have a minimum credit score of 640.

We often get asked about income standards.

Is my income too low – or too high – to qualify?

But here’s the thing.

There’s no minimum or maximum income threshold to be eligible for an FHA loan in Texas.

FHA loans in Texas have documentation requirements, and your lender will usually ask for your pay stubs, W-2s, tax returns, and bank statements to verify your earnings.

FHA LOAN LIMITS TEXAS

COUNTIES

MAX FHA LOAN LIMIT FOR A SINGLE UNIT

Gonzales County, Gray County, Grayson County, Gregg County, Grimes County, Hale County 

$331,760

Hall County, Hamilton County, Hansford County, Hardeman County, Hardin County, Harris County

$331,760

Harrison County, Hartley County, Haskell County, Hemphill County, Henderson County, Hidalgo County

$331,760

Hill County, Hockley County, Hood County, Hopkins County, Houston County, Howard County

$331,760

Hudspeth County, Hutchinson County, Irion County, Jack County, Jackson County, Jasper County

$331,760

Jeff Davis County, Jefferson County, Jim Hogg County, Jim Wells County,  Jones County, Karnes County 

$331,760

Kenedy County, Kent County, Kerr County,  Kimble County, King County, Kinney County, Kleberg County

$331,760

Knox County, Lamar County, Lamb County, Lampasas County, La Salle County, Lavaca County, Lee County

$331,760

Limestone County, Lipscomb County

Live Oak County, Llano County

Loving County, Lubbock County

$510,400

Lynn County, Mcculloch County

Mclennan County, Mcmullen County

Madison County, Marion County

$510,400

Leon County, Liberty County, Mason County, Matagorda County, Maverick County, Menard County

$331,760

Milam County, Mills County, Mitchell  County, Montague County, Montgomery County, Moore County

$331,760

Morris County, Motley County, Nacogdoches County, Navarro County, Newton County

$331,760

Nolan County, Nueces County, Ochiltree County, Oldham County, Orange County, Palo Pinto County

$331,760

Panola County, Parmer County, Pecos County, Polk County, Potter County, Presidio County, Rains County

$331,760

Randall County, Reagan County, Real County, Red River County, Reeves County, Refugio County

$331,760

 Roberts County, Robertson County, Runnels County, Rusk County, Sabine County, San Augustine County

$331,760

HOW TO APPLY FOR AN FHA LOAN IN TEXAS

By now, you might be eager to get out there and look for your new house.  But, here’s a pro tip:

Visit a lender to pre-qualify for an FHA loan before you get too serious about browsing real estate listings.

Here’s why:

When you pre-qualify, you get an idea of how large a loan you might get.

Pre-qualifying isn’t a guarantee the lender will approve the loan, but it’s an excellent first step.

texas fha loan requirements

And when you’re out house shopping?

Sellers will know you’re serious about buying a house because you went the extra mile to get pre-qualified.

Now, let’s get down to how to apply for an FHA loan in Texas:

  1. Check your credit score to find out where you stand
  2. Build your down payment savings
  3. Visit a reputable FHA lender to pre-qualify (optional, but helpful)
  4. Find the right real estate agent to help you find a house 
  5. Work with your lender to submit an FHA loan application
  6. Gather necessary documentation and deliver to the lender
  7. Wait for final FHA mortgage approval

It takes an average of 47 days to close on an FHA loan.

Because there are many variables, yours could take more or less time.

Once you receive final approval from your lender, you’ll schedule a closing date to finalize the loan.

FHA LOAN LIMITS TEXAS

COUNTIES

MAX FHA LOAN LIMIT FOR A SINGLE UNIT

 San Jacinto County, San Patricio County, San Saba County, Schleicher County, Scurry County

$331,760

Shackelford County, Shelby County, Sherman County, Smith County

$331,760

Somervell County, Starr County, Stephens County, Sterling County, Stonewall County, Sutton County, 

$331,760

Swisher County, Taylor County, Terrell County, Terry County, Throckmorton County, Titus County

$331,760

Tom Green County, Trinity County, Tyler County, Upshur County

$331,760

Upton County, Uvalde County, Val Verde County, Van Zandt County

$331,760

Victoria County, Walker County, Waller County, Ward County, Washington County

$331,760

Webb County, Wharton County, Wheeler County, Wichita County, Wilbarger County, Willacy County 

$331,760

Winkler County, Wood County, Yoakum County, Young County, Zapata County, Zavala County

$331,760

Martin County, Midland County

$341,550

Atascosa County, Bandera County, Bexar County, Comal County

$393,300

Guadalupe County, Kendall County, Medina County, Wilson County

$393,300

Bastrop County, Caldwell County, Collin County, Dallas County, Denton 

$404,800

County, Ellis County, Hays County, Hunt County, Johnson County, Kaufman County, Parker County 

$404,800

Rockwall County, Tarrant County, Travis County, Williamson County, Wise County

$404,800

FHA LOAN RATES TEXAS

Your FHA loan rate has an enormous impact on your mortgage.

The higher your interest rate, the more you’ll pay. 

High interest rates drive up your monthly payment and could cost you tens of thousands of dollars over the life of the loan.

For example, on a $250,000 house, an interest rate of 3.6% means you’ll pay $153,848 in interest over a 30-year mortgage.

But if you can shave off just 0.3% and qualify for 3.3% interest?

You’ll only pay $139,258 over those same 30 years – and save yourself over $14,500.

As you can see, a lot is riding on your interest rate.

Individual lenders set their own interest rates, and can vary based on your credit score, debt-to-income ratios, job history, and the economy.

ARE YOU READY TO FIND YOUR NEW HOME?

If you’re shopping for a new house, picking the right lender is crucial.

You want to go with one that is up-to-date on FHA loan requirements in Texas for 2020.

Applying for an FHA loan in Texas is easier than you might think.

And if you have the right lender?

It’s smooth sailing.

Are you ready to find your new home? Give the Wendy Thompson Lending Team a call today!

The Tactical FHA Loan Blueprint

Deciding on the right FHA lender is the most important decision you will make. Choosing the wrong lender can result in you losing your dream home or costing you hundreds of thousands of dollars in more interest over the life of your mortgage.  

Don’t make that mistake, contact the Wendy Thompson Lending Team today!  

You can start the process by clicking the yellow 'See if I'm Eligible' button on the right side bar under the 'Start your quote for a Home Loan'  or call Wendy’s Team directly at (901) 250-2294, to get started on living the American Dream in the home of your Dreams!