FHA Loans in Dallas, TX

Free Consultation

No credit check, no obligation. We discuss your goals, review DPA options, and create your personalized plan.

Get Pre-Approved

Same-day pre-approval letter. We shop 40+ lenders to find your best rate and lock in your DPA programs.

Close on Your Home

30-45 days from contract to keys. Dedicated processor keeps you updated every step of the way.

Affordable Prices

Dallas’s $380K median home price is significantly below the $500K+ national median, giving FHA buyers real purchasing power.

Booming Job Market

Home to 11 Fortune 500 companies. Tech, finance, healthcare, and energy sectors fuel job growth and economic stability.

No State Income Tax

Texas has no state income tax, putting more money in your pocket to build equity and enjoy your new home.

Vibrant Neighborhoods

From trendy Uptown to historic Deep Ellum to peaceful White Rock—Dallas offers something for every lifestyle.

• 580+ = 3.5% down payment
• 500-579 = 10% down payment
• Bankruptcy OK after 2 years
• Foreclosure OK after 3 years

We shop 40+ lenders to find approval even with credit challenges.

• 2 years steady employment history
• Same field preferred (not required)
• Self-employed: 2 years tax returns
• Multiple income sources OK

No minimum income—only debt-to-income ratios matter.

• Front-end: 31% (housing costs)
• Back-end: 43% (all debts)
• Up to 57% with compensating factors
• Cash reserves can help approval

Higher ratios possible with strong credit or reserves.

• Primary residence only (must live there)
• Single-family or 2-4 unit properties
• Condos (must be FHA-approved)
• Must pass FHA appraisal

FHA appraisal ensures home is safe and sound.

FHA Purchase

• ✓ 580+ credit score
• ✓ Gift funds allowed
• ✓ Seller pays up to 6%
• ✓ DPA compatible

FHA Streamline

• ✓ Current FHA owners
• ✓ Minimal paperwork
• ✓ Close in 2-3 weeks
• ✓ Lower your payment

FHA Construction

• ✓ One loan, one closing
• ✓ Finance land + build
• ✓ Build your dream home
• ✓ Popular in DFW suburbs

FHA 203(k)

• ✓ Finance purchase + repairs
• ✓ Standard: Over $35K
• ✓ Limited: Up to $35K
• ✓ Great for fixer-uppers

Dallas-Area DPA Programs:

• 🏠City of Dallas DHAP: Up to $60,000 forgivable (high-opportunity areas), $50,000 (other areas) – 80% AMI
• 🏛️TSAHC Programs: Up to 5% grant or forgivable (Dallas-Fort Worth)
• 🌟Homeownership Across Texas: 5% grant for FHA/VA/USDA
• 🎖️Texas Heroes: 3-5% for teachers, veterans, first responders
• ⭐SETH 5 Star: Up to 5% forgivable after 3 years

Of loan amount, paid at closing. Can be rolled into your loan—no cash needed out of pocket!

Example: $380K loan = $6,650 (financed)

Per year, divided into monthly payments. This protects the lender and enables low down payments.

Example: $380K loan = ~$175/month

Historic arts district with galleries, restaurants, and nightlife. Perfect for young professionals seeking walkable urban living at affordable prices.

Upscale neighborhood near Highland Park with excellent schools, dining, and shopping. Higher-end options for established buyers.

Diverse, vibrant neighborhood with restored homes, local businesses, and growing community investment. Great value and walkability.

Prestigious area around White Rock Lake offering parks, trails, top-rated schools, and established homes. Premium neighborhood living.

Tree-lined neighborhood with large lots, excellent schools, and family-friendly atmosphere. Quieter alternative to urban areas.

Trendy, walkable neighborhood with restaurants, shopping, and nightlife. Popular with young professionals and urban lifestyle seekers.

Mixed-use urban development near downtown with apartments, dining, and sports venues. Modern urban living with great access.

Lively nightlife and restaurant district with growing residential stock. Urban energy with increasingly diverse housing options.

Character-filled historic neighborhood with tree-lined streets, architectural homes, and established community. Charm meets affordability.

Established residential area with mature trees, excellent schools, and family-oriented community. Stable, sought-after neighborhood.

“We didn’t think we could afford a home in Dallas with our credit scores, but Adam showed us how an FHA loan with DHAP assistance made it possible. We’re now homeowners in East Dallas—something we thought was years away!”

“As a teacher, I was eligible for special DPA programs Adam found for me. Combined with FHA, my down payment was nearly covered, and I bought my first home in Uptown. Best financial decision ever.”

“I thought my bankruptcy from 3 years ago disqualified me. Adam explained FHA rules and got me approved! Now we own a home in Preston Hollow and it’s been the most stability our family has had.”

What is the FHA loan limit in Dallas for 2026?

The 2026 FHA loan limit for Dallas County is $563,500 (high-cost area rate) for a single-family home. This is significantly above Dallas’s $380K median home price, meaning nearly all Dallas homes qualify for FHA financing.

Can I get an FHA loan with bad credit in Dallas?

Yes! FHA accepts credit scores as low as 500 (with 10% down) or 580 (with 3.5% down). We shop 40+ lenders to find approval even with credit challenges, bankruptcies (2+ years), or foreclosures (3+ years).

What down payment assistance works with Dallas FHA loans?

Dallas offers multiple programs: City of Dallas DHAP (up to $60,000 forgivable), TSAHC programs (up to 5% grant), Homeownership Across Texas (5% for FHA), Texas Heroes (3-5% for teachers/veterans/first responders), and SETH 5 Star (up to 5% forgivable). We help you stack programs for maximum savings.

Are FHA loans only for first-time buyers?

No! This is a common myth. FHA loans are available to anyone—first-time or repeat buyers. You can even use FHA again after paying off a previous FHA loan. The only restriction is that it must be your primary residence.

How much income do I need for an FHA loan in Dallas?

For Dallas’s $380K median-priced home with 3.5% down, you’d typically need around $95K annual household income. This is a general estimate—actual approval depends on debts, credit, employment, and market rates. Our team can provide exact calculations.

What are the best Dallas neighborhoods for FHA buyers?

Deep Ellum ($280K–$380K), East Dallas ($320K–$420K), Lower Greenville ($330K–$420K), and Swiss Avenue Historic ($310K–$410K) offer excellent value. For established neighborhoods, Preston Hollow ($380K–$500K), Uptown ($350K–$480K), and White Rock ($450K–$600K) are popular FHA targets.

How long does FHA loan approval take in Dallas?

Pre-approval: Same day. Full underwriting approval: 3-7 days. Total timeline from contract to closing: 30-45 days typically. Our dedicated processor keeps you updated every step.

Can I use gift funds for my FHA down payment?

Yes! 100% of your FHA down payment can be a gift from family members, employers, or charitable organizations. We provide gift letter templates and handle all documentation.