FHA Loan Calculator — Texas

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*Estimates only. Actual rates and MIP vary by lender, credit score, and loan amount. Serving Texas & 30+ States.

💰 Low Down Payment

Just 3.5% down with a 580+ credit score. On a $300,000 Texas home, that’s $10,500 — compared to $60,000 for a 20% conventional down payment. Gift funds are allowed.

📊 Flexible Credit Requirements

FHA accepts credit scores as low as 500 (with 10% down) or 580 (with 3.5% down). One of the most flexible loan programs available for Texas buyers rebuilding or establishing credit.

💵 MIP vs PMI

FHA requires two types of mortgage insurance: upfront MIP (1.75%, financed in) and annual MIP (~0.55%, paid monthly). Unlike conventional PMI, FHA MIP typically stays for the life of the loan unless you refinance.

🏠 Eligible Property Types

FHA loans cover single-family homes, FHA-approved condos, and 2–4 unit properties as long as you occupy one unit. The property must meet FHA minimum property standards.

🏙️ Texas Down Payment Assistance

Several Texas programs pair with FHA loans to cover your 3.5% down payment. Programs through TDHCA, TSAHC, and local housing authorities may provide grants or forgivable second liens.

📋 Texas FHA Loan Limits 2025

Most Texas counties have a 2025 FHA limit of $524,225 for a single-family home. Higher-cost counties like Travis (Austin) and Collin (Plano/Frisco) may qualify for higher limits up to $805,000.

🔄 FHA to Conventional Refinance

Once you reach 20% equity in your Texas home, refinancing from FHA to conventional eliminates MIP and often lowers your monthly payment. Adam Bartling & Team can run the numbers when you’re ready.

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What credit score do I need for an FHA loan in Texas?

FHA requires a minimum score of 580 for the 3.5% down payment option. Scores between 500–579 require 10% down. Most Texas FHA lenders prefer 620 or higher in practice. FHA is one of the most flexible programs for buyers rebuilding or establishing credit.

What is FHA MIP and how much does it cost?

FHA MIP has two parts: upfront MIP at 1.75% of the loan (financed in) and annual MIP at approximately 0.55% for most 30-year loans (paid monthly). On a $300,000 Texas home with 3.5% down, that’s roughly $5,066 upfront and $133/month in annual MIP.

Can I remove FHA mortgage insurance?

With less than 10% down, FHA MIP stays for the life of the loan. With 10%+ down, it drops off after 11 years. The most common strategy is to refinance into a conventional loan once you reach 20% equity — eliminating MIP entirely and often lowering your rate.

Can I use gift funds for my FHA down payment in Texas?

Yes. FHA allows 100% of your down payment to come from gift funds from family members, employers, or approved down payment assistance programs. Texas also has state and local DPA programs through TDHCA and TSAHC that can be layered with an FHA loan.

FHA vs conventional — which is better for Texas buyers?

FHA is typically better for credit scores below 680 or smaller down payments. Conventional loans may save money if you have a 700+ score because PMI is cheaper and removable at 20% equity. Adam Bartling & Team will run both scenarios side by side so you can see the real cost difference.

What is the FHA loan limit in Texas for 2025?

The 2025 FHA baseline loan limit for most Texas counties is $524,225 for a single-family home. Higher-cost counties including Travis (Austin) and Collin (Plano/Frisco) may qualify for limits up to $805,000. Contact us to confirm the current limit for your specific county.

About Adam Bartling & Team

Retired Army Captain · Mortgage Loan Officer · Texas & 30+ States

As a retired Army Captain, Adam Bartling brings discipline and a client-first approach to helping Texas families navigate FHA loans, VA financing, and the full range of home loan programs. He shops multiple lenders so you get real options — not a single bank’s take-it-or-leave-it offer.

Adam’s team has helped first-time buyers across Houston, Dallas, San Antonio, and Austin use FHA loans to purchase homes with minimal down payment — and has helped many of those same buyers later refinance into conventional loans to eliminate MIP once they built equity.