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FHA Mortgage Loans in Texas

The FHA Lending climate is getting ready to change in Texas and across the nation. With the changes getting ready to come through April 1^st mortgage brokers may be taken out of the FHA lending game. What does this mean to the consumer? You guessed it, less choice and higher fees. As a general rule of thumb brokers tend to give better loans for the mid range credit profile which is where most FHA mortgage clients fall, especially in Texas where consumers seem to lag behind in regards to credit profiles. The result is that Texas mortgage borrowers may be hit a bit harder than other areas of the nation due to Texans having credit profiles that lag behind the national average. Moral of the story, if you’re looking for an FHA mortgage in Texas whether it be a purchase or refinance get locked in before April 1^st chances are the new federal mandates will have a negative impact on pricing and fees across the board.

For more information on the above please go to the Texas Association of Mortgage Professionals website at www.ttamp.org

And as always if you are looking for a mortgage please drop by my page if you would like to do business with a mortgage professional that knows what he is doing.

Samuel Morales

Samuel@yourloanofficer4life.com

www.YourLoanOfficer4Life.com

www.streamlinefha.org

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