USDA HOME LOANS
USDA loans can make homeownership more accessible in eligible areas of Texas by offering 100% financing for qualified buyers. If the home and household meet USDA requirements, you may be able to purchase with no down payment.
0% DOWN
Qualified buyers may be able to finance 100% of the home's eligible purchase price with no required down payment.
ELIGIBLE AREAS
The property must be located in a USDA-eligible area. Many qualifying communities are closer to Bryan–College Station than buyers expect.
INCOME LIMITS
USDA household income limits apply and vary based on location and household size.
USDA loans are government-backed mortgages designed to help eligible buyers purchase primary residences in qualifying rural and suburban areas. The program combines 100% financing with flexible qualification guidelines, making it worth exploring for many Texas homebuyers.
“Rural” doesn't always mean far from town. USDA eligibility is based on specific geographic boundaries, and many communities surrounding Bryan–College Station and throughout Texas may qualify.
USDA approval considers both the borrower and the property. Household income, credit, debts, occupancy, and the home's location all play a role in determining eligibility.
The home must be located within an area currently designated as eligible for USDA financing.
USDA establishes household income limits based on the property's location and household size. Income from certain household members may be considered when determining eligibility.
Credit history, monthly debts, qualifying income, and overall ability to repay the mortgage are reviewed as part of loan approval.
USDA purchase financing is intended for an eligible property that you will occupy as your primary residence.
For buyers who meet the program requirements, USDA financing can significantly reduce the upfront cost of purchasing a home.
Qualified borrowers may be able to finance 100% of the home's eligible purchase price, eliminating the need for a traditional down payment.
With no required down payment, USDA financing can allow eligible buyers to keep more of their savings available for moving expenses, reserves, and other homeownership costs.
The USDA guaranty helps provide qualified borrowers access to competitive fixed-rate mortgage financing.
USDA eligibility includes many smaller communities, rural areas, and certain locations outside larger population centers throughout Texas.
USDA can be an excellent option when both the borrower and property qualify, but it isn't the right loan for everyone. We'll compare USDA with FHA and Conventional financing so you can see the differences in cash needed, monthly payment, fees, and overall loan structure.
Clear, transparent lending structures designed to help you secure the ideal loan for your situation.
USDA vs. Conventional: USDA may offer 100% financing to eligible buyers, while Conventional financing generally offers more flexibility with property location and household income.
USDA vs. FHA: Both are government-backed options with flexible guidelines, but USDA may offer 100% financing when income and property eligibility requirements are met.
USDA Guarantee Fees: USDA loans generally include an upfront guarantee fee and an annual fee. The upfront fee may typically be financed into the loan, subject to program requirements.
USDA financing is often overlooked because buyers assume they won't qualify. Here are some of the questions we hear most often from Texas homebuyers.
Yes. Qualified borrowers purchasing an eligible property may be able to finance 100% of the home's eligible purchase price without a required down payment, subject to USDA and lender requirements.
Not necessarily. USDA uses specific geographic eligibility boundaries, and some smaller cities, suburban areas, and communities outside major population centers may qualify. Property eligibility should be checked for the specific address.
Yes. USDA household income limits apply and vary by location and household size. Eligibility is based on USDA's applicable household income calculation, which can differ from the income used to qualify for the mortgage.
USDA loans do not use private mortgage insurance, but they generally include an upfront guarantee fee and an annual fee. These costs should be included when comparing USDA with other loan options.
No. USDA purchase financing is intended for an eligible home that will be occupied as the borrower's primary residence.
You may have more options than you think. Our Texas mortgage team can help you check property eligibility, review household income requirements, and compare USDA financing with your other loan options.
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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov
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A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov