FHA Loans

FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA).  Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.

We have low and NO down payment programs:

  • 580 Credit Score to 96.5% LTV on FHA purchase loans
  • 550-579 Credit Score to 90% LTV on FHA purchase loans
  • FHA up to 100% CLTV using Down Payment Assistance (DPA)
  • One FICO required OR Non-traditional credit allowed
  • No Overlays to stop underwriting process
  • Manufactured Homes allowed; follow same guidelines
  • 550 to 800+ Credit Scores all typically close in 30 days less

Getting started is easy. We offer very competitive rates, have great service, and always close on time.


Lisa Carter – Broker / Owner - 941501
Legacy Home Loans LLC – 2002472

Equal Housing Lender

Contact Us

Legacy Home Loans
5900 Balcones Dr
Suite 100
Austin, TX 78731

(832) 525-3958