What credit score do I need for fha loans in San Antonio, TX?
For fha loans in San Antonio, Bexar County, most lenders typically require a minimum credit score of 620 for conventional loans, 580 for FHA loans, and no minimum for VA loans. However, better rates are available with scores above 740. Our loan officers in San Antonio can help you find the best options for your credit profile.
How long does it take to close on fha loans in San Antonio?
In San Antonio, TX, the average closing time for fha loans is typically 25-35 days, depending on the loan type and property. We work with local lenders familiar with Bexar County to expedite the process and help you close faster.
What's the average down payment for fha loans in San Antonio?
With median home prices around $255,000 in San Antonio, a typical 20% down payment would be approximately $51,000. However, many fha loans options require as little as 3% down ($7,650), and VA/USDA loans may require 0% down.
What are current fha loans rates in San Antonio, TX?
Current fha loans rates in San Antonio are averaging around 6.85% APR, though your actual rate depends on credit score, down payment, and loan type. We work with multiple lenders in Bexar County to secure you the most competitive rates available.
Are there first-time home buyer programs in San Antonio, TX?
Yes! San Antonio and TX offer several programs for first-time buyers, including down payment assistance, lower interest rates, and tax credits. As a San Antonio resident, you may qualify for state and county-specific programs. Contact us to learn which programs you're eligible for.
What are property taxes like in Bexar County, TX?
Property tax rates in Bexar County vary by municipality, but we can help you estimate your monthly PITI payment (Principal, Interest, Taxes, Insurance) for any San Antonio property. Your fha loans payment will include these taxes in escrow for convenience.
Is now a good time to buy in San Antonio, TX?
The San Antonio market is currently growing. Current market conditions may present opportunities for buyers in San Antonio. Our local experts can help you navigate the San Antonio real estate market.
What documents do I need for fha loans in San Antonio?
For fha loans in San Antonio, you'll typically need: pay stubs (last 30 days), W-2s (last 2 years), bank statements (last 2 months), tax returns (if self-employed), and ID. Bexar County county may have specific requirements - we'll guide you through the entire documentation process.