| The United States Department of Agriculture (USDA) has a great rural development program. This program helps to make affordable housing available in rural areas of Texas. Some of the main features and program benefits are below: |
| USDA Texas Loan Program |
What is means to you |
| There is no down payment required |
Great if you do not have a lot of money to put down. |
| 100% Financing only program besides VA |
Less money to bring to the closing table. |
| Seller can pay up to 6% of your closing costs. |
Your closing costs will be very low. |
| No cash reserves are required |
You do not need to show any amount of money in the bank |
| Low finance rates |
Lower monthly payments |
| No monthly private mortgage (PMI) insurance is required |
Helps to keep your payments lower |
| No maximum purchase limit |
You can pick out the home you like at the price you can afford. |
| Minimum credit score |
Need at least 600 score or better. |
| This program in NOT Just for first time home buyers. |
Anyone can get this loan. |