FHA Loan Refinancing in Texas
FHA home loans are one of the easiest ways for first-time buyers in Texas to put their first foot forward on the proverbial property ladder. Just
like with any mortgage, however, things like more favorable current interest rates and changes to our personal financial situations, can lead us to start thinking about refinancing at some point. Right the FHA will allow financing below a 580 score down to
a 550 score with 10% equity.
FHA Refinance Advantages vs Conventional Refinancing
FHA loans have some nice features that conventional do not. FHA loans are normally priced lower than comparable conventional loans. FHA loans allow for more flexibility with credit scores and debt to income ratios. Contact a mortgage professional now to begin the process of your FHA loan refinancing in Texas.
Find out if I qualify for FHA Refinancing!
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