Home Loans in Texas
Everything's bigger in Texas — including your homeownership opportunities. NorthStar Funding serves the Lone Star State with pride. All credit scores welcome — even no score.
Texas Housing Market
About the Texas Real Estate Market
Texas continues to attract homebuyers with its strong job market, no state income tax, and relatively affordable housing compared to coastal states. The Dallas-Fort Worth metroplex leads in population growth, while Austin remains a tech hub with a vibrant culture. Houston offers diverse neighborhoods and a robust energy sector economy. San Antonio provides historic charm with modern amenities. Whether you're relocating for work, seeking more space, or investing in Texas real estate, NorthStar Funding understands the unique aspects of buying in the Lone Star State.
Loan Programs Available in Texas
We offer a variety of mortgage options to fit your unique situation. All programs welcome borrowers with less-than-perfect credit.
Texas Homebuyer Program
State-sponsored program with down payment assistance up to 5% for qualified Texas buyers.
FHA Loans
Popular choice for Texas first-time buyers with flexible credit and low down payment.
VA Texas Loans
Zero down payment for Texas veterans. The Lone Star State has one of the largest veteran populations.
USDA Rural Loans
Zero down payment for eligible rural Texas properties. Many suburbs qualify.
Check Your Eligibility
See if you qualify for special loan programs with lower down payments and flexible income requirements.
Income Eligibility Checker
HomeReady® & Home Possible® - 3% Down Payment Programs
HomeReady®by Fannie MaeIncome must be ≤80% of Area Median Income (AMI). No geographic restrictions.
Home Possible®by Freddie MacIncome must be ≤80% AMI. Some census tracts have no income limit.
Quick Comparison:
| Feature | HomeReady® | Home Possible® |
|---|---|---|
| Min. Down Payment | 3% | 3% |
| Min. Credit Score | 620 | 620 |
| Income Limit | ≤80% AMI | ≤80% AMI* |
| Homebuyer Education | Required | Required |
*No income limit in designated underserved areas
Why Choose NorthStar Funding in Texas?
What Texas Homeowners Say
"NorthStar helped us understand flood insurance and found a great home in Katy. They made the whole process stress-free for our growing family."
The Williams Family
"Relocated from California and NorthStar made buying in Frisco seamless. They understood our timeline and got us closed before my job started."
Michael & Sarah K.
"As an Air Force family at Lackland, NorthStar's VA expertise was invaluable. Zero down payment and they handled everything professionally."
The Martinez Family
"NorthStar helped us compete in Austin's hot market with a strong pre-approval. We won our dream home in Round Rock against multiple offers!"
Alex & Jordan P.
Frequently Asked Questions
What credit score do I need to buy a home in Texas?
NorthStar Funding welcomes all credit scores in Texas, starting as low as 500 with FHA loans (10% down). For scores 580+, you may qualify for just 3.5% down. Manual underwriting is also available.
What are the best mortgage programs available in Texas?
In Texas, we offer FHA loans, VA loans (popular with military families), USDA loans for eligible rural areas, conventional loans, jumbo loans, and bank statement loans. TDHCA programs provide down payment assistance.
How much is the average home price in Texas?
The median home price in Texas is approximately $325K. Austin is the most expensive major city, while Houston, San Antonio, and Dallas-Fort Worth offer more affordable options.
Are there first-time homebuyer programs in Texas?
Yes! TDHCA (Texas Department of Housing and Community Affairs) offers the My First Texas Home program with down payment assistance up to 5% of the loan amount. The program works with FHA, VA, and USDA loans.
What are property taxes like in Texas?
Texas has relatively high property taxes at approximately 1.8% of assessed value. However, Texas has no state income tax, which helps offset the higher property tax burden. The Homestead Exemption provides additional savings.
Can I get a mortgage in Texas with no down payment?
Yes! VA loans offer 0% down — very popular in Texas given the large military presence at Fort Hood, Fort Bliss, and Joint Base San Antonio. USDA loans offer 0% down in eligible rural areas.
How long does it take to close on a home in Texas?
The typical closing timeline in Texas is 30-45 days. Texas has unique closing requirements including a mandatory 12-day waiting period for home equity loans. Title companies handle closings.
Does NorthStar Funding offer manual underwriting in Texas?
Yes! We specialize in manual underwriting for Texas borrowers. This is ideal for oil and gas workers, ranchers, and borrowers with variable or seasonal income.
What documents do I need to apply for a mortgage in Texas?
Typical documents include 2 years of tax returns, recent pay stubs, bank statements, W-2s or 1099s, and ID. Self-employed borrowers can use bank statement programs with 12-24 months of deposits.
Can self-employed borrowers get a mortgage in Texas?
Absolutely! Our bank statement programs are very popular in Texas, especially in Houston (energy sector), Austin (tech), and Dallas (entrepreneurship). Texas has one of the highest rates of self-employment in the nation.
NorthStar Funding Licensing Information
NMLS #: 123456
Licensed in: TX-SML
Years in Business: 15+
Total Loans Originated: $2B+
Ready to Get Started?
See your options in minutes with no impact to your credit score. Our team is ready to help you find the right loan for your Texas home.