That’s why the best approach is to work directly with an experienced Loan Officer who can explain current guidelines, compare programs, and help you choose the financing option that truly fits your needs.
Below are the most common home loan programs available to today’s buyers.

FHA Loan
An FHA loan is backed by the Federal Housing Administration (HUD) and is one of the most popular programs for first‑time homebuyers in Texas. FHA loans offer flexible credit requirements and low down‑payment options.
Key Highlights:
• Minimum 580 credit score for a 3.5% down payment
• More lenient credit and debt‑to‑income guidelines
• Great option for buyers rebuilding or establishing credit

VA Loan
The VA loan is a powerful benefit for eligible veterans, active‑duty service members, and qualifying surviving spouses. It offers one of the best financing options available.
Key Highlights:
• 100% financing (no down payment required)
• No monthly mortgage insurance
• Must have sufficient VA entitlement
• Contact a Loan Officer to confirm eligibility
If you’ve served our country, this program is absolutely worth exploring.

USDA Loan
A USDA home loan is backed by the U.S. Department of Agriculture and offers affordable financing for homes in designated rural and suburban areas—many of which are located just outside the Austin metro.
Key Highlights:
• 100% financing available
• Property must be in a USDA‑eligible area
• Household income must be below the Area Median Income
• Ideal for buyers seeking affordable homes outside major cities

Conventional Loan
A conventional loan meets the guidelines set by Fannie Mae or Freddie Mac. This is one of the most common loan types for buyers with strong credit and stable income.
Key Highlights:
• Minimum 620 middle credit score
• Down payments as low as 3% for first‑time buyers
• HomeReady and Home Possible programs available for qualifying borrowers
• Typically 5% down for most other buyers
Conventional loans often offer the best long‑term savings for borrowers with higher credit scores.