What credit score do I need for fha loans in Arlington, TX?
For fha loans in Arlington, Tarrant 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 Arlington can help you find the best options for your credit profile.
How long does it take to close on fha loans in Arlington?
In Arlington, 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 Tarrant County to expedite the process and help you close faster.
What's the average down payment for fha loans in Arlington?
With median home prices around $285,000 in Arlington, a typical 20% down payment would be approximately $57,000. However, many fha loans options require as little as 3% down ($8,550), and VA/USDA loans may require 0% down.
What are current fha loans rates in Arlington, TX?
Current fha loans rates in Arlington 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 Tarrant County to secure you the most competitive rates available.
Are there first-time home buyer programs in Arlington, TX?
Yes! Arlington and TX offer several programs for first-time buyers, including down payment assistance, lower interest rates, and tax credits. As a Arlington 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 Tarrant County, TX?
Property tax rates in Tarrant County vary by municipality, but we can help you estimate your monthly PITI payment (Principal, Interest, Taxes, Insurance) for any Arlington property. Your fha loans payment will include these taxes in escrow for convenience.
Is now a good time to buy in Arlington, TX?
The Arlington market is currently growing. Current market conditions may present opportunities for buyers in Arlington. Our local experts can help you navigate the Arlington real estate market.
What documents do I need for fha loans in Arlington?
For fha loans in Arlington, 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. Tarrant County county may have specific requirements - we'll guide you through the entire documentation process.