Midland FHA Loan Rates, Closing Costs & Stats

MIDLAND, TX

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Midland's 100 lenders originated 1,316 FHA loans during 2024. The total origination value was $395,340,000, with an average FHA loan value of $300,410.

    Midland FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Midland averaged 6.24% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Midland's average FHA mortgage closing costs are $9,980.

    The average rate for the prior week (2025-03-28) was 6.33% and one month ago for the week of 2025-02-28, the average rate was 6.52%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.12%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Midland FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Midland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 162 6.87% $12,809
    PRIMELENDING, A PLAINSCAPITAL COMPANY 160 6.78% $14,121
    DHI MORTGAGE COMPANY, LTD. 142 5.01% $11,680
    EVERETT FINANCIAL, INC. 51 7.00% $12,574
    UNITED WHOLESALE MORTGAGE, LLC 49 6.33% $14,276
    DIRECTIONS EQUITY, LLC 46 6.92% $7,703
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 40 6.94% $9,544
    HOMESIDE FINANCIAL, LLC 40 6.76% $14,235
    QUICKEN LOANS, LLC 38 6.25% $13,693
    SECURITYNATIONAL MORTGAGE COMPANY 37 6.70% $14,792
    LRS FINANCIAL NETWORK, INC. 35 6.24% $10,994
    CARDINAL FINANCIAL 31 6.94% $13,952
    SFMC, LP 28 7.06% $13,342
    FLAT BRANCH MORTGAGE, INC. 22 6.58% $13,391
    GUARANTEED RATE, INC. 21 6.77% $13,229
    NATIONS RELIABLE LENDING, LLC 17 6.68% $14,242
    Waterstone Mortgage Corporation 16 7.11% $13,586
    T2 FINANCIAL LLC 12 7.08% $14,902
    FREEDOM MORTGAGE CORPORATION 11 6.22% $13,100
    THE MORTGAGE LINK, INC. 10 6.79% $20,974
    GENEVA FINANCIAL, LLC 10 6.64% $14,626
    LOANDEPOT.COM, LLC 9 7.17% $15,401
    PENNYMAC LOAN SERVICES, LLC 8 6.14% $7,509
    Century Mortgage Company DBA Century Lending Company 8 6.55% $11,243
    BROKER SOLUTIONS, INC. 7 6.62% $15,907
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.75% $12,370
    AmeriHome Mortgage Company, LLC 6 6.64% $6,958
    Nations Lending Corporation 6 6.73% $13,443
    GUILD MORTGAGE COMPANY 6 6.73% $14,476
    VILLAGE CAPITAL MORTGAGE 6 6.60% $8,224
    City Bank 6 6.33% $13,188
    CMG MORTGAGE, INC. 5 6.35% $14,910
    Equity Prime Mortgage LLC 5 6.48% $13,704
    Flagstar Bank, FSB 5 6.46% $13,504
    Gateway First Bank 5 6.55% $12,404
    ZILLOW HOME LOANS, LLC 4 6.41% $13,310
    INTELLILOAN, INC. 4 6.06% $6,596
    PLANET HOME LENDING, LLC 4 6.06% $7,113
    Ixonia Bank 4 6.22% $10,729
    DAS Acquisition Company, LLC 3 6.83% $17,052
    Home Mortgage Alliance Corp 3 6.21% $13,006
    SOUTHWEST FUNDING, LP 3 7.00% $12,813
    Paramount Residential Mortgage Group, Inc. 3 6.21% $10,409
    Lakeview Community Capital, LLC 3 6.92% $7,385
    MORTGAGE FINANCIAL SERVICES, LLC 3 6.62% $12,458
    Residential Acceptance Corporation 2 7.13% $8,480
    CHURCHILL MORTGAGE CORPORATION 2 6.25% $13,070
    First Financial Bank 2 6.13% $10,352
    First Option Mortgage, LLC 2 7.06% $16,025
    Flanagan State Bank 2 5.44% $12,835
    Florida Capital Bank 2 5.69% $13,943
    GUARANTEED RATE AFFINITY, LLC 2 6.66% $8,486
    INTERLINC MORTGAGE SERVICES, LLC 2 6.94% $9,843
    JPMorgan Chase Bank 2 6.63% $13,786
    LAKEVIEW LOAN SERVICING, LLC 2 6.25% $8,029
    MORTGAGE ACCESS CORP. 2 5.88% $15,787
    NEWREZ LLC 2 7.25% $9,784
    Plains Commerce Bank 2 6.31% $16,924
    PREMIA MORTGAGE, LLC 2 6.27% $8,978
    S1L, Inc. 2 6.88% $13,979
    Sunflower Bank 2 6.63% $11,986
    NBKC BANK 1 5.88% $11,502
    Network Funding, L.P. 1 6.63% $11,165
    NEW FED MORTGAGE, CORP. 1 7.00% $13,309
    VERITAS FUNDING, LLC 1 6.00% $17,518
    GEO-CORP, INC. 1 7.50% $21,141
    GARDNER FINANCIAL SERVICES, LTD. 1 7.75% $12,486
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $13,005
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.99% $10,043
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $14,752
    V.I.P. MORTGAGE, INC. 1 6.25% $22,142
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.38% $0
    ENVOY MORTGAGE, LTD 1 7.00% $9,471
    Prosperity Bank 1 6.50% $8,403
    Encompass Lending Group, LP 1 6.75% $9,846
    Advisors Mortgage Group, L.L.C. 1 6.50% $11,643
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $17,204
    SeaTrust Mortgage Company 1 7.75% $11,199
    CANOPY MORTGAGE, LLC 1 7.13% $17,479
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $18,538
    Bank of England 1 6.63% $11,286
    Strong Home Mortgage, LLC 1 5.49% $10,464
    Amarillo National Bank 1 5.75% $6,987
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $16,178
    SWBC MORTGAGE CORPORATION 1 6.13% $4,954
    AXIA FINANCIAL, LLC 1 7.25% $19,380
    Texana Bank 1 6.25% $14,392
    TEXAS TECH 1 7.25% $12,279
    The Federal Savings Bank 1 6.75% $10,905
    AMERITRUST MORTGAGE CORPORATION 1 6.50% $18,752
    TOWNE MORTGAGE COMPANY 1 6.25% $12,026
    Truist 1 6.70% $7,629
    UNION HOME MORTGAGE CORP. 1 6.63% $15,078
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $24,442
    US MORTGAGE CORPORATION 1 7.25% $10,583
    MICHIGAN MUTUAL, INC. 1 7.25% $12,391
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $6,789
    NATIONS DIRECT MORTGAGE, LLC 1 6.25% $11,649
    JMAC LENDING, INC. 1 6.25% $10,582
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $10,882

    The top Midland FHA lender as defined by loan originations is HIGHLANDS RESIDENTIAL MORTGAGE, LTD., with 162 FHA loans originated. Their average total fees are $12,809, which is $1,312 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Midland FHA lenders (with over 10 loans originated) are DIRECTIONS EQUITY, LLC ($7,703), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,544), LRS FINANCIAL NETWORK, INC. ($10,994), DHI MORTGAGE COMPANY, LTD. ($11,680) and EVERETT FINANCIAL, INC. ($12,574).

    The lowest rate Midland FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.01%), FREEDOM MORTGAGE CORPORATION (6.22%), LRS FINANCIAL NETWORK, INC. (6.24%), QUICKEN LOANS, LLC (6.25%) and UNITED WHOLESALE MORTGAGE, LLC (6.33%).

    Midland FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    MIDLAND, TX MARTIN 2022 $420,680 $538,650 $651,050 $809,150
    MIDLAND, TX MIDLAND 2022 $420,680 $538,650 $651,050 $809,150
    MIDLAND, TX MARTIN 2023 $472,030 $604,400 $730,525 $907,900
    MIDLAND, TX MIDLAND 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Midland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $325,000 (30.0%) $406,647 (23.3%) 1.20 276
    2018-02-01 $347,450 (33.9%) $478,440 (38.8%) 1.26 259
    2018-03-01 $399,000 (43.0%) $541,274 (49.0%) 1.40 227
    2018-04-01 $366,825 (22.3%) $525,930 (36.6%) 1.24 244
    2018-05-01 $378,750 (31.5%) $543,953 (48.1%) 1.26 265
    2018-06-01 $360,000 (25.9%) $520,583 (42.3%) 1.20 312
    2018-07-01 $362,450 (25.0%) $510,589 (38.9%) 1.21 377
    2018-08-01 $356,000 (21.6%) $496,171 (36.6%) 1.19 400
    2018-09-01 $359,900 (21.7%) $498,830 (34.1%) 1.21 398
    2018-10-01 $372,500 (20.2%) $506,553 (31.1%) 1.26 401
    2018-11-01 $372,225 (18.5%) $497,633 (26.2%) 1.26 415
    2018-12-01 $359,950 (10.8%) $497,080 (23.5%) 1.24 376
    2019-01-01 $359,225 (10.5%) $491,512 (20.9%) 1.24 360
    2019-02-01 $359,950 (3.6%) $496,544 (3.8%) 1.22 352
    2019-03-01 $369,371 (-7.4%) $487,957 (-9.9%) 1.21 348
    2019-04-01 $390,950 (6.6%) $501,284 (-4.7%) 1.24 354
    2019-05-01 $413,200 (9.1%) $509,093 (-6.4%) 1.29 409
    2019-06-01 $399,900 (11.1%) $478,307 (-8.1%) 1.25 473
    2019-07-01 $399,450 (10.2%) $480,480 (-5.9%) 1.25 516
    2019-08-01 $394,473 (10.8%) $469,004 (-5.5%) 1.25 577
    2019-09-01 $386,332 (7.3%) $451,859 (-9.4%) 1.24 630
    2019-10-01 $379,850 (2.0%) $437,748 (-13.6%) 1.23 679
    2019-11-01 $370,000 (-0.6%) $427,804 (-14.0%) 1.21 666
    2019-12-01 $369,000 (2.5%) $428,602 (-13.8%) 1.23 602
    2020-01-01 $370,093 (3.0%) $431,398 (-12.2%) 1.24 575
    2020-02-01 $384,900 (6.9%) $450,219 (-9.3%) 1.26 559
    2020-03-01 $387,500 (4.9%) $452,712 (-7.2%) 1.21 634
    2020-04-01 $369,950 (-5.4%) $434,863 (-13.3%) 1.16 735
    2020-05-01 $359,950 (-12.9%) $433,293 (-14.9%) 1.09 838
    2020-06-01 $350,000 (-12.5%) $428,920 (-10.3%) 1.03 852
    2020-07-01 $342,500 (-14.3%) $410,611 (-14.5%) 0.99 877
    2020-08-01 $329,900 (-16.4%) $405,618 (-13.5%) 0.95 873
    2020-09-01 $331,375 (-14.2%) $409,979 (-9.3%) 0.95 825
    2020-10-01 $329,000 (-13.4%) $403,374 (-7.9%) 0.94 787
    2020-11-01 $329,900 (-10.8%) $400,814 (-6.3%) 0.96 802
    2020-12-01 $328,725 (-10.9%) $401,689 (-6.3%) 0.98 785
    2021-01-01 $325,000 (-12.2%) $401,357 (-7.0%) 0.97 756
    2021-02-01 $324,900 (-15.6%) $410,628 (-8.8%) 0.95 771
    2021-03-01 $323,875 (-16.4%) $417,974 (-7.7%) 0.92 742
    2021-04-01 $326,375 (-11.8%) $428,301 (-1.5%) 0.88 678
    2021-05-01 $333,000 (-7.5%) $428,417 (-1.1%) 0.88 640
    2021-06-01 $329,350 (-5.9%) $425,168 (-0.9%) 0.87 656
    2021-07-01 $338,000 (-1.3%) $417,915 (1.8%) 0.89 696
    2021-08-01 $335,770 (1.8%) $413,700 (2.0%) 0.90 713
    2021-09-01 $329,250 (-0.6%) $410,066 (0.0%) 0.88 695
    2021-10-01 $325,000 (-1.2%) $402,923 (-0.1%) 0.87 697
    2021-11-01 $325,000 (-1.5%) $391,471 (-2.3%) 0.87 673
    2021-12-01 $325,000 (-1.1%) $384,485 (-4.3%) 0.88 629
    2022-01-01 $325,000 (0.0%) $384,061 (-4.3%) 0.88 564
    2022-02-01 $325,425 (0.2%) $381,010 (-7.2%) 0.85 502
    2022-03-01 $335,000 (3.4%) $395,990 (-5.3%) 0.84 462
    2022-04-01 $344,500 (5.6%) $418,522 (-2.3%) 0.82 502
    2022-05-01 $342,258 (2.8%) $424,876 (-0.8%) 0.78 528
    2022-06-01 $349,988 (6.3%) $425,590 (0.1%) 0.78 560
    2022-07-01 $345,523 (2.2%) $418,023 (0.0%) 0.78 615
    2022-08-01 $340,000 (1.3%) $411,872 (-0.4%) 0.79 639
    2022-09-01 $349,750 (6.2%) $418,157 (2.0%) 0.82 657
    2022-10-01 $355,000 (9.2%) $434,881 (7.9%) 0.84 654
    2022-11-01 $351,725 (8.2%) $433,651 (10.8%) 0.85 659
    2022-12-01 $359,950 (10.8%) $437,877 (13.9%) 0.89 591
    2023-01-01 $364,250 (12.1%) $434,554 (13.2%) 0.90 508
    2023-02-01 $366,500 (12.6%) $438,424 (15.1%) 0.88 452
    2023-03-01 $399,375 (19.2%) $486,396 (22.8%) 0.94 427
    2023-04-01 $409,000 (18.7%) $509,789 (21.8%) 0.95 418
    2023-05-01 $403,248 (17.8%) $519,470 (22.3%) 0.91 432
    2023-06-01 $400,000 (14.3%) $510,481 (20.0%) 0.90 451
    2023-07-01 $407,670 (18.0%) $527,284 (26.1%) 0.93 471
    2023-08-01 $399,925 (17.6%) $525,564 (27.6%) 0.92 475
    2023-09-01 $399,950 (14.4%) $514,214 (23.0%) 0.93 487
    2023-10-01 $397,750 (12.0%) $493,857 (13.6%) 0.94 495
    2023-11-01 $393,000 (11.7%) $488,227 (12.6%) 0.94 501
    2023-12-01 $389,450 (8.2%) $493,167 (12.6%) 0.95 479
    2024-01-01 $388,995 (6.8%) $501,274 (15.4%) 0.95 452
    2024-02-01 $405,148 (10.6%) $551,175 (25.7%) 0.98 435
    2024-03-01 $419,990 (5.2%) $577,136 (18.7%) 0.99 413
    2024-04-01 $434,245 (6.2%) $578,108 (13.4%) 1.01 447
    2024-05-01 $450,000 (11.6%) $569,038 (9.5%) 1.02 484
    2024-06-01 $450,000 (12.5%) $576,032 (12.8%) 1.02 523
    2024-07-01 $445,000 (9.2%) $574,930 (9.0%) 1.02 550
    2024-08-01 $430,000 (7.5%) $561,392 (6.8%) 1.00 551
    2024-09-01 $420,000 (5.0%) $551,668 (7.3%) 0.99 544
    2024-10-01 $421,725 (6.0%) $561,883 (13.8%) 0.99 549
    2024-11-01 $419,900 (6.8%) $555,649 (13.8%) 1.01 542
    2024-12-01 $411,750 (5.7%) $551,784 (11.9%) 1.02 490
    2025-01-01 $408,750 (5.1%) $556,150 (11.0%) 1.02 464
    2025-02-01 $416,718 (2.9%) $565,875 (2.7%) 1.01 454
    2025-03-01 $420,500 (0.1%) $578,564 (0.3%) 0.00 462
    Midland's median listing price for 2025-03-01 was $420,500, a difference of $510 (0.1%) versus the prior year and $3,782 versus the prior month.

    Midland's median listing price comes in at 0% of the national average.

    Midland's average listing price for 2025-03-01 was $578,564, a difference of $1,428 (0.3%) versus the prior year and $12,689 versus the prior month.

    For the 2025-03-01 period, Midland had 462 MLS listings, a difference of 8 listings (2%) versus the prior month and 49 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Midland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 55 days 2,373 sqft
    2018-02-01 34 days 2,446 sqft
    2018-03-01 33 days 2,686 sqft
    2018-04-01 28 days 2,523 sqft
    2018-05-01 26 days 2,594 sqft
    2018-06-01 26 days 2,506 sqft
    2018-07-01 29 days 2,494 sqft
    2018-08-01 34 days 2,457 sqft
    2018-09-01 43 days 2,454 sqft
    2018-10-01 40 days 2,476 sqft
    2018-11-01 43 days 2,512 sqft
    2018-12-01 51 days 2,481 sqft
    2019-01-01 49 days 2,390 sqft
    2019-02-01 42 days 2,391 sqft
    2019-03-01 39 days 2,455 sqft
    2019-04-01 34 days 2,530 sqft
    2019-05-01 32 days 2,590 sqft
    2019-06-01 35 days 2,562 sqft
    2019-07-01 38 days 2,504 sqft
    2019-08-01 38 days 2,475 sqft
    2019-09-01 40 days 2,432 sqft
    2019-10-01 42 days 2,401 sqft
    2019-11-01 49 days 2,357 sqft
    2019-12-01 60 days 2,343 sqft
    2020-01-01 62 days 2,395 sqft
    2020-02-01 40 days 2,442 sqft
    2020-03-01 42 days 2,430 sqft
    2020-04-01 46 days 2,355 sqft
    2020-05-01 51 days 2,347 sqft
    2020-06-01 50 days 2,325 sqft
    2020-07-01 51 days 2,287 sqft
    2020-08-01 51 days 2,240 sqft
    2020-09-01 57 days 2,248 sqft
    2020-10-01 58 days 2,220 sqft
    2020-11-01 59 days 2,209 sqft
    2020-12-01 60 days 2,205 sqft
    2021-01-01 60 days 2,182 sqft
    2021-02-01 49 days 2,185 sqft
    2021-03-01 53 days 2,152 sqft
    2021-04-01 48 days 2,170 sqft
    2021-05-01 51 days 2,171 sqft
    2021-06-01 44 days 2,171 sqft
    2021-07-01 38 days 2,157 sqft
    2021-08-01 45 days 2,168 sqft
    2021-09-01 52 days 2,139 sqft
    2021-10-01 46 days 2,100 sqft
    2021-11-01 47 days 2,067 sqft
    2021-12-01 59 days 2,073 sqft
    2022-01-01 64 days 2,050 sqft
    2022-02-01 48 days 2,035 sqft
    2022-03-01 41 days 2,049 sqft
    2022-04-01 33 days 2,100 sqft
    2022-05-01 39 days 2,115 sqft
    2022-06-01 37 days 2,168 sqft
    2022-07-01 38 days 2,185 sqft
    2022-08-01 43 days 2,135 sqft
    2022-09-01 47 days 2,149 sqft
    2022-10-01 50 days 2,150 sqft
    2022-11-01 50 days 2,150 sqft
    2022-12-01 62 days 2,238 sqft
    2023-01-01 68 days 2,233 sqft
    2023-02-01 44 days 2,258 sqft
    2023-03-01 45 days 2,405 sqft
    2023-04-01 40 days 2,422 sqft
    2023-05-01 39 days 2,451 sqft
    2023-06-01 42 days 2,416 sqft
    2023-07-01 38 days 2,435 sqft
    2023-08-01 41 days 2,359 sqft
    2023-09-01 43 days 2,385 sqft
    2023-10-01 45 days 2,316 sqft
    2023-11-01 47 days 2,313 sqft
    2023-12-01 53 days 2,266 sqft
    2024-01-01 65 days 2,245 sqft
    2024-02-01 44 days 2,261 sqft
    2024-03-01 43 days 2,367 sqft
    2024-04-01 44 days 2,467 sqft
    2024-05-01 39 days 2,502 sqft
    2024-06-01 40 days 2,513 sqft
    2024-07-01 45 days 2,514 sqft
    2024-08-01 50 days 2,450 sqft
    2024-09-01 48 days 2,385 sqft
    2024-10-01 51 days 2,387 sqft
    2024-11-01 55 days 2,352 sqft
    2024-12-01 61 days 2,297 sqft
    2025-01-01 58 days 2,270 sqft
    2025-02-01 49 days 2,245 sqft
    2025-03-01 0 days 2,261 sqft
    Midland's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Midland's median square footage for active listings during the 2025-03-01 period was 2,261 sqft. One year prior, the average listing was 2,367 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).