FHA Loans in New Braunfels, TX: Pros and Cons

FHA loans explained: 3.5% down with a 580+ score, gift funds, mortgage insurance, property standards, and refinance options.

Collin Jorden, Mortgage Loan Advisor

Jorden Mortgage Solutions - Powered by EDGE Home Finance

Phone: (830) 481-1249

Email: [email protected]

NMLS# 2103826

Company NMLS# 891464

Licensed in: TX

Equal Housing Opportunity. Not a commitment to lend.

FHA Loans in New Braunfels, TX

FHA loans explained: 3.5% down with a 580+ score, gift funds, mortgage insurance, property standards, and refinance options.

FHA Loans in New Braunfels, TX: Pros and Cons

Who Qualifies for an FHA Loan?

FHA Down Payment, Closing Costs, and Mortgage Insurance

The FHA Loan Process, Step by Step

FHA vs. Conventional: Which Costs Less?

FHA Loan FAQs

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

How much is FHA mortgage insurance?

Can my FHA down payment be a gift?

Can I use an FHA loan on a new-construction home in New Braunfels?

Does FHA mean I have bad credit?

What can fail an FHA appraisal?

Can I use FHA for a duplex?

Are seller credits allowed on FHA loans?

Get an FHA vs. Conventional Comparison

Programs

The FHA buyer playbook

FHA loans allow 3.5% down with a 580+ credit score and can open the door when credit is still growing or monthly debts are snug. Collin Jorden, a mortgage broker in New Braunfels (NMLS #2103826), helps buyers across Comal and Guadalupe counties price the mortgage insurance, property rules, and alternatives—not just celebrate 3.5% down.

Tap the signals that fit. This is a conversation starter, not a qualification result.

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Three numbers grow together: down payment, closing costs, and mortgage insurance.

Example figures are illustrative and for education — your numbers depend on price, program, county, and negotiation.

The familiar buying path, with two FHA-specific checkpoints.

The answer changes with score, debt ratio, price, and how long you expect to keep the loan.

Simplified for orientation — details like loan limits (we stay within conforming and FHA limits), DTI ceilings, and rates get worked through together.

Including the mortgage-insurance and appraisal parts the cheerful brochures skip.

FHA allows 3.5% down with a credit score of 580 or higher, and 10% down with a score between 500 and 579. Individual lenders may set higher minimums. As a broker, I can check several lenders’ requirements at once.

FHA loans have an upfront premium of 1.75% of the loan amount, usually rolled into the loan, plus an annual premium paid monthly. With less than 10% down, the annual premium lasts for the life of the loan unless you refinance; many owners later refinance into conventional after building equity.

Yes. FHA allows your entire down payment to come from an acceptable gift, such as from a family member, with a signed gift letter and documentation of the transfer.

Yes, if the builder and property meet FHA requirements. Ask early, because not every new-home community is set up for FHA financing. I can compare a builder’s preferred-lender incentive against an FHA loan from another lender.

No. FHA is a flexible government-insured option used across many score ranges. A buyer with strong credit may still prefer its debt-to-income flexibility or gift-fund rules, though conventional can cost less over time.

Peeling paint in older homes, unsafe wiring, missing handrails, active roof leaks, or broken utilities can prompt repairs. Cosmetic wear usually is not the issue. We review likely trouble spots before the offer when possible.

Potentially. FHA can finance eligible one-to-four-unit properties when you occupy one unit as your primary residence. Projected rent may help qualifying under specific underwriting rules.

Yes, within FHA limits and only toward eligible closing costs and prepaids—not your down payment or cash back. Your offer strategy should tie the credit to a real fee estimate.

I’ll compare FHA and conventional with the same home price and honest full-payment math, so you can see whether FHA helps—or merely sounds easier.

Plain-English mortgage guidance for New Braunfels homebuyers. I’d rather teach you the math than talk you into a payment.

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Mon–Sat · 8a–6p CT

New Braunfels, TX

Collin Jorden, NMLS #2103826, serves homebuyers in New Braunfels, Seguin, San Marcos, Canyon Lake, Schertz, Cibolo, Kyle, Bulverde, and San Antonio, plus all of Comal and Guadalupe counties and the rest of Texas.

· Licensed in Texas

Equal Housing Opportunity.

This is not a commitment to lend. Program details, rates, and payment figures are illustrative, change often, and depend on your full application.