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An FHA loan in Missouri City is a great option for those who are first time home buyers and those who are low to moderate income borrowers. An FHA loan borrower can borrow up to 96.5% of the value of the home, meaning that only 3.5% of the value is required as a down payment (which is much lower in comparison to other lender’s requirements).
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It pays to shop around for mortgage rates in Missouri City, TX. Get free mortgage quotes from multiple lenders to find a competitive rate for your home loan.