FHA Loans in Dallas–Fort Worth
The program built for buyers whose credit or debt ratios don't fit the conventional box — and the one with the most generous room for contributions toward your closing costs.
| At a glance | Detail |
|---|---|
| Minimum down payment | 3.5% with a 580+ score |
| Mortgage insurance | 1.75% upfront (usually financed) plus an annual premium; typically for the life of the loan above 90% LTV |
| Seller/interested-party credit ceiling | 6% of the purchase price |
| Credit | 580 for 3.5% down; 500–579 with 10% down, subject to lender overlays |
Why the 6% ceiling matters
FHA allows interested parties to contribute up to 6% of the purchase price toward closing costs, prepaids, and rate buydowns. That is double the conventional ceiling at low down payments. If the thing standing between you and a house is cash at the table rather than monthly payment, FHA plus a structured contribution is often the most direct path.
The mortgage insurance trade-off
FHA's annual premium generally stays for the life of the loan when you put the minimum down. That's a real cost and we won't pretend otherwise. The counter-argument is that FHA rates often price lower than conventional for the same credit profile, and the loan is fully refinanceable later — including through an FHA streamline, which does not require a new appraisal or income documentation.
FHA and the program together
Because the contribution ceiling is wider, more of the eligible benefit can actually land where you want it. On a conventional loan at 3% down, part of the benefit may exceed the ceiling and simply cannot be applied. On FHA, that is far less likely.
What this program looks like on your numbers
Select FHA in the calculator below to see the payment, the mortgage insurance treatment, and where the contribution ceiling binds.
Where should the benefit go?
Assumptions — edit any of these
On Auto, conventional mortgage insurance is estimated
from a built-in premium grid by credit range and loan-to-value, and FHA uses the factors above. Those are
illustrative approximations — the live rate card is in src/data/mi-rates.js. Override any
single file with your actual quote using the
% / yr or $ / mo control. Credit-tier rate adjustments and interested-party
contribution ceilings are applied automatically from the loan program, credit range, and loan-to-value.
Interest rate and buydown cost come from the loaded wholesale rate sheet: the base price at each rate for
your lock period, plus the loan-level price adjustments for credit, LTV, occupancy and loan size. The rate
shown is par — the cheapest rate that costs you nothing — and a buydown walks down that same
ladder for whatever the benefit actually pays for. Commission is negotiable and not set by law; the figures
above are placeholders for illustration, not an offer.
Tell me your payment. I’ll build the plan around it.
Send the monthly number you’re comfortable with and I’ll come back with a purchase range, a loan program comparison, and what the BuyBorrow Advantage™ benefit looks like on your file.