FHA Loans

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development. FHA loans are an attractive option, especially for first-time homeowners:

  • Generally easier to qualify for than conventional loans.
  • Lower down payment requirements.
  • Lower closing costs than conventional loans.

However, FHA loans are not always going to be the best option for you. There are a few downsides to going with an FHA loan, such as:

  • Unless you put 10% down, you can NEVER get rid of monthly mortgage insurance except through a refinance.
  • For people with good-to-excellent credit, the monthly mortgage insurance is much higher than what it will be with a conventional loan.
  • The loan limits are lower than conventional loans.
  • There is an upfront mortgage insurance premium (can be rolled into the loan, but it is still a cost) in addition to the monthly mortgage insurance premium.

Learn more about FHA loans. (Department of Housing and Urban Development)


Mortgage Services
Service Type
Mortgage Services
Provider Name
Highlander Mortgage,
9009 Mountain Ridge Dr, Ste 210 Austin, TX. 78759,TX-78759,
Telephone No.(512) 501-3624
At Highlander Mortgage we offer FHA loan eligibilities and guidelines for mortgage insurance, lending limits, debt to income ratios & closing costs in Austin. Checkout now!