I honestly cannot count how many times I’ve heard that a lender recommended FHA financing to a veteran, even though a VA loan would have been a much better deal. The truth is, FHA loans are easier for most lenders since most lenders do way more FHA loans than VA loans. That is, of course, a horrible excuse for giving a veteran a loan program when another program (VA) would have been a much better option.

Without going into the details of the financial analysis between VA and FHA loans, just know this… If the FHA upfront ...

Current FHA loan limits for the Greater Austin Area are as follows:

1 Family = $271,050 base loan (after 3.50% down payment) + 1% UFMIP
2 Family = $347,000 base loan + 1% UFMIP
3 Family = $419,425 base loan + 1% UFMIP
4 Family =  $521,250 base loan + 1% UFMIP

So for a single-family dwelling with a down payment of only 3.50%, the maximum SALES PRICE would be $280,880. Anything over that would require more than the minimum down payment.  For borrowers able to put down 5% or more, then a conventional ...