USDA Home Loans
Did you know it’s possible to purchase a new home with zero down payment? USDA Rural Housing Loans offer up to 100 percent financing for low to moderate income borrowers in eligible rural areas. This program is intended to make home buying more affordable in less populated parts of the United States.
Competitive mortgage rates and less restrictive requirements when compared to many other programs open the door to home ownership for many across the country.
Wondering if there are homes near you that are eligible for USDA home financing? Give us a call at (409) 600-2852, we are happy to help!
Benefits of a USDA Mortgage
- Borrow up to 100% of the purchase price or property value.
- Fixed interest rates with consistent monthly payments.
- Insured by the USDA, which allows the borrower to receive improved terms and pricing.
- Single upfront mortgage insurance premium that may be financed – no monthly mortgage insurance.
- Also available for refinancing. Homeowners with an exisiting USDA mortgage may be eligible for a Streamlined Refinance, offering a simpler process with fewer fees.
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A 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, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. 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 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.