Austin prices are high — but FHA with down payment assistance is still your fastest path to owning.
Austin proper is expensive, but the suburbs tell a different story. Cedar Park, Round Rock, Kyle, and Buda all have FHA-eligible homes under $400,000 — and that's where most of my Austin-area FHA clients end up. The 2025 FHA loan limit for Travis County is $524,225, which covers a solid range of Austin homes. For buyers earning $80K–$120K in tech, healthcare, or city jobs, FHA often outperforms conventional at 5% down because the rate can be lower. Let me model both options for you.
If you're a first-time buyer in Austin priced out of Travis County, look seriously at Pflugerville, Cedar Park, and Leander. Commute is manageable and prices are 20–30% lower. FHA and TSAHC DPA can get you in with minimal cash.
Austin FHA approvals for salaried tech workers are usually clean. Self-employed or 1099 workers need two years of tax returns — I work with those too. For buyers with complex income, I start with a full income analysis before pulling credit so we know exactly where we stand.
FHA rates in Austin are competitive — often 0.125–0.25% lower than conventional with 5% down. MIP on a $400K loan adds ~$155/month. Suburban buyers in Kyle, Buda, and Round Rock often find FHA more affordable than renting.
It depends on the condo project. The condo complex must be FHA-approved. Many Austin condo buildings are approved — I can check any specific building for you quickly. If the building isn't approved, we look at alternatives like conventional 3% down or HomeReady.
FHA and Fannie Mae's HomeReady/Freddie Mac's Home Possible are all low-down-payment options. HomeReady/Home Possible can remove PMI when you reach 20% equity — FHA MIP is often permanent for the life of the loan if you put less than 10% down. In Austin's appreciating market, going conventional sometimes makes sense long-term. I model both.
Yes, and builders in Kyle and Buda love FHA buyers because inventory is plentiful. New construction FHA in Hays County is one of my strongest use cases — I work with buyers from contract through closing with the builder's timeline in mind.
Austin prices are high — VA with zero down and no PMI is how veterans stay in the game.
Learn More →From 3% down starter loans to move-up jumbo-adjacent financing — conventional covers Austin's range.
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