Simple, fast, and straightforward.

Typical requirements include:

• Minimum credit score:
  • 580+ for 3.5% down
• Stable income
• Primary residence occupancy
• Verifiable assets and documentation

While FHA guidelines are flexible, lenders still review the full file carefully.

Your purchase price depends on:

• Income
• Debt-to-income ratio
• Credit profile
• Available cash

👉 Start here: How Much Can I Afford

Minimum required:

• 3.5% down payment

Also includes:

• Closing costs
• Prepaid taxes and insurance
• Earnest money

👉 See: Cash to Close Breakdown

Gift funds are allowed and widely used.

Requirements:

• Proper documentation
• Verified source of funds

👉 See: Gift Funds Guide

Lenders will review your accounts for:

• Large deposits
• Unusual transfers
• Undocumented funds

Common issue:

• Deposits that cannot be sourced

👉 See: Large Deposits on Bank Statements Guide

FHA loans require mortgage insurance:

• Financed into the loan

• Added to your monthly payment

Unlike conventional loans:
👉 FHA mortgage insurance typically does not automatically drop off

If you want to know what you actually qualify for — based on a real review, not a guess:

👉 See What You Qualify For

FHA Advantages

• Easier to qualify
• Lower credit requirements
• Lower down payment flexibility

Conventional Advantages

• Lower long-term cost (no permanent MI)
• Better rates for higher credit borrowers

FHA loans can close in:

👉 21–30 days (when structured correctly)

Key factors:

• Clean documentation
• Fast response to conditions
• Proper upfront approval

👉 See: Fast Close Timeline (21–30 Days)

Avoid:

• Applying without reviewing credit first
• Large deposits before or during process
• Opening new credit accounts
• Miscalculating total cash needed

👉 See: What Delays Mortgage Approval (Underwriting Guide)

FHA is typically best if you:

• Have a credit score below ~680
• Need a lower down payment
• Have higher debt-to-income
• Are early in the buying process

Before shopping, you should:

• Confirm qualification
• Identify any issues early
• Know your exact price range

👉 Start here: Pre-Approval Checklist

• Pre-Approval Checklist
• Cash to Close Breakdown
• Large Deposits on Bank Statements Guide
• Gift Funds Guide
• What to Do If DTI Is Too High
• Fast Close Timeline (21–30 Days)

FHA loans are designed to make homeownership more accessible.

But the difference between approval and a smooth closing comes down to:

• Proper setup
• Clean documentation
• Understanding how the loan works

If you're considering an FHA loan in Boerne:

👉 Schedule a quick call to review your options

👉 Or start your application to get pre-approved