Are you looking for an USDA Loan in Texas, but just not sure what a USDA loan even is, how it works, or what it’s even about?
Well looks like you’re in luck today.
We are Texas’s top USDA lender that specializes in providing FREE USDA mortgage advice and information to folks looking to learn more about how USDA loans work.
Whether you are looking to learn more about how much you can get approved for or already have a USDA mortgage and need to refinance out of your high interest rate loan, we’re here to help you every step of the way and get you the best rate possible!
Getting Pre-Qualified is 100% FREE.
We don’t check credit or need your social security number in order to get started.
How Can a USDA Loan Help You?
If you are someone looking to buy a home but do not have the minimum down payment requirement with other types of mortgages out there, then a Texas USDA home loan may be for you.
USDA loans Texas are offered to help lower to moderate income households purchase homes in rural areas and in some cases on the outskirts of a city or in a medium sized town as determined by the United States Department of Agriculture (USDA) with no down-payment needed!
In Texas, a USDA loan offers many advantages to qualified borrowers looking to buy or refinance (no cash out) including:
- 100% financing
- Very small monthly mortgage insurance
- No asset requirements
- Gifts allowed for closing costs
- Required property improvements can be financed into the loan up to 102% of the “improved” value, which can be completed after closing.
At USDA Loan Texas, we offer the best USDA interest rates and most competitive closing costs when it comes to helping you buy a home that keeps things easy on the wallet. We look forward to answering all your questions and are here for you every step of the way.
USDA Home Loans
Exciting things are happening with USDA home financing – other than a VA loan, USDA is only 1 of only a few options left for true 100% financing.
USDA Loan Texas specializes in servicing first time home buyers. A USDA mortgage offers many advantages, as it is very popular with first time homeowners, so you should expect lower interest rates and no down payment in relation to a conventional residential home loan.
Highlights of the USDA Guaranteed Rural Housing Loan Program
We make the process of purchasing a new home or refinancing your current mortgage simple and straight forward by offering you the latest in financial tools set forth by the best banks in our country. This will enable you to make the most accurate financial decision. Purchasing a home or refinancing your current mortgage should not be stressful.
If you are looking for an Austin USDA Lender, Houston USDA Lender, Dallas USDA Lender, or San Antonio USDA Lender, you have come to the right place!
USDA Rural Development Loans
A rural development loan is just another way of saying USDA mortgage. Both are in fact the exact same thing but different lenders use this terminology instead.
USDA home loans for rural housing are designed to keep agricultural areas in the United States strong by giving people in the communities the same opportunity to own homes even though there may be less homes in these USDA areas.
At USDA Loan Texas, our USDA loan experts will take you through the loan process step-by-step.
With a USDA Loan you can:
- Purchase or refinance a home.
- Avoid high private mortgage insurance (PMI) like other loan programs.
- Avoid needing money for a down payment
- Get lower, fixed interest rates
- Save money and refinance an existing USDA loan into a lower fixed rate
And because it’s a USDA loan, lenders will offer you lower, more affordable rates. Even if you have less-than-perfect credit or are a first time home buyer a USDA loan could be the right loan for you.
USDA Refinance Loans
If you are looking to refinance and want the best rate and terms, and want an easy process with more favorable guidelines, a USDA loan is probably the best choice for you.
USDA refinances are for rate and term refinance loans (no cash out allowed). The original loan must be a Guaranteed Rural Housing Loan. For more information, please contact us.
USDA fixed rate loans are the most popular programs for refinancing. This is where you have stable predicable payments each month and as a result offers the most security for yourself and your family. If you are currently in an adjustable rate mortgage (ARM) and would like the security of a fixed rate, a fixed rate USDA is the right program for you.
Refinancing Your USDA Loan
Refinancing into a USDA loan is a very similar process to refinancing using conventional financing.
In fact, both loans require almost identical paperwork, it’s just that a USDA mortgage is only another type of loan.
That whole process generally takes no more than 30 days.
Depending on when in the month your mortgage closes you can possibly not make the current mortgage payment and skip the following month as well. You can use this money to pay off another bill, fix up your home, or even go on vacation.
When it comes to refinancing your current mortgage with USDA, we make the process simple here at USDA Loan Texas by giving straight forward advice because we know that this will enable you to make the most accurate financial decision.
USDA Mortgage Eligibility
To be eligible, applicants must:
USDA Property Eligibility
Before you set out and start making offers on USDA homes, you need to know what areas are going to work and which one’s aren’t. While there are some rules that are set in place and general USDA maps that can help guide you as to what home fall under these USDA eligible areas, you’d be surprised to know that we have seen some homes that we’d never thought would be considered “rural”.
Eligible USDA property types include single family homes and condominiums (primary residence only).
Since the USDA loan program is designed for areas that are in rural areas, here are some of the rules that must be met for existing homes:
If any of this is confusing or you have a question, please feel free to reach out and we’ll do our best to help you.
In the meantime you can click this link which will help you determine USDA property eligibility.
Texas USDA Loan Limits 2016
These are the loan limits for the USDA direct program. Please keep in mind that these are if you go with USDA directly, but if you go with a USDA approved lender such as us, these limits are much much higher because the lender is assuming the risk instead of USDA themselves.
Here are all the counties and cities sorted out for you nice and neatly.
Feel free to use the search tool to find your county and see what the USDA direct limit is in your area:
|Texas County||USDA Loan Limits 2016|
|Anderson County, Texas||$104,400|
|Angelina County, TX||$124,200|
|Archer County, TX||$133,200|
|Austin County, TX||$147,600|
|Bandera County, TX||$131,600|
|Bastrop County, TX||$144,500|
|Baylor County, TX||$125,800|
|Bell County, TX||$111,500|
|Blanco County, TX||$137,300|
|Bosque County, TX||$125,200|
|Brazos County, TX||$162,500|
|Brewster County TX||$135,200|
|Brooks County, TX||$121,300|
|Brown County, TX||$118,800|
|Burleson County, TX||$140,800|
|Burnet County, TX||$117,500|
|Callahan County, TX||$121,000|
|Chambers County, TX||$138,000|
|Clay County, Texas||$122,300|
|Coke County, TX||$118,600|
|Coleman County, TX||$115,800|
|Collin County, TX||$146,700|
|Colorado County, TX||$140,300|
|Comanche County, TX||$118,300|
|Concho County, TX||$129,200|
|Cooke County, TX||$135,700|
|Coryell Co, TX||$128,500|
|Crane County TX||$126,600|
|Crockett County TX||$129,200|
|Dallas County, TX||$134,300|
|Deaf Smith County||$123,900|
|Denton County, TX||$135,200|
|Dimmit County, TX||$146,500|
|Eastland County, TX||$131,700|
|Ector County TX||$141,600|
|Edwards County, TX||$115,900|
|Falls County, Texas||$103,500|
|Fannin County, TX||$128,300|
|Fayette County, TX||$138,400|
|Fisher County, TX||$121,000|
|Foard County, TX||$123,200|
|Fort Bend County||$136,000|
|Freestone County, Texas||$104,400|
|Gillespie County, TX||$166,000|
|Glassock County TX||$130,600|
|Grayson County TX||$139,400|
|Hamilton County, TX||$105,700|
|Hardeman County, TX||$123,200|
|Hardin County, TX||$128,000|
|Harris County, TX||$167,900|
|Hartley County, TX||$129,400|
|Haskell County, TX||$121,400|
|Hemphill County, TX||$131,400|
|Hidalgo County, TX||$132,600|
|Hill County, TX||$125,200|
|Houston County, TX||$139,700|
|Hunt County TX||$137,600|
|Hutchinson County, TX||$122,900|
|Irion County, TX||$129,200|
|Jack County, TX||$122,300|
|Jasper County, TX||$105,700|
|Jeff Davis County TX||$141,100|
|Jefferson County, TX||$129,000|
|Jim Hogg County, TX||$121,300|
|Jim Wells County||$130,600|
|Jones County, TX||$122,000|
|Kendall County, TX||$181,400|
|Kent County, TX||$120,400|
|Kerr County, TX||$132,400|
|Kimble County, TX||$128,300|
|Kinney County, TX||$115,900|
|Knox County, TX||$121,400|
|Lampasas County, TX||$110,400|
|La Salle County||$132,800|
|Lee County, TX||$140,000|
|Leon County, TX||$143,200|
|Liberty County, TX||$145,500|
|Limestone County, Texas||$104,400|
|Lipscomb County, TX||$116,600|
|Live Oak County||$121,700|
|Llano County, TX||$129,300|
|Loving County TX||$120,900|
|McCulloch County, TX||$127,700|
|McLennan County, TX||$134,300|
|Madison County, TX||$143,200|
|Mason County, TX||$128,300|
|Maverick County, TX||$145,100|
|Medina County, TX||$133,300|
|Menard County, TX||$124,300|
|Midland County TX||$140,600|
|Milam County, TX||$105,500|
|Mills County, TX||$103,200|
|Mitchell County, TX||$122,900|
|Montague County, TX||$146,600|
|Montgomery County, TX||$161,500|
|Moore County, TX||$136,900|
|Nacogdoches County, TX||$124,200|
|Navarro County, Texas||$134,300|
|Newton County, TX||$102,600|
|Nolan County, TX||$122,400|
|Nueces County, TX||$130,600|
|Orange County, TX||$129,000|
|Palo Pinto County, TX||$133,000|
|Parker County, TX||$143,000|
|Pecos County TX||$135,600|
|Polk County, TX||$105,700|
|Potter County, MSA||$153,600|
|Presidio County TX||$140,900|
|Randall County MSA||$153,600|
|Reagan County TX||$129,200|
|Real County, TX||$115,900|
|Red River County||$128,800|
|Reeves County TX||$126,600|
|Runnels County, TX||$118,600|
|Sabine County, TX||$102,600|
|San Augustine County, TX||$102,600|
|San Jacinto County, TX||$141,500|
|San Patricio County, TX||$141,500|
|San Saba County, TX||$104,700|
|Schleicher County, TX||$127,700|
|Scurry County, TX||$123,400|
|Shackelford County, TX||$121,000|
|Shelby County, TX||$102,600|
|Starr County, TX||$130,100|
|Stephens County, TX||$131,400|
|Sterling County, TX||$127,700|
|Stonewall County, TX||$120,400|
|Sutton County, TX||$127,700|
|Taylor County, TX||$123,400|
|Terrell County TX||$118,500|
|Throckmorton County, TX||$121,400|
|Tom Green County, TX||$129,200|
|Travis County, TX||$144,100|
|Trinity County, TX||$139,700|
|Tyler County, TX||$105,700|
|Upton County TX||$121,400|
|Uvalde County, TX||$145,000|
|Val Verde County, TX||$142,000|
|Van Zandt County||$130,000|
|Walker County, TX||$150,400|
|Ward County TX||$139,600|
|Washington County, TX||$144,500|
|Wichita County, TX||$135,700|
|Wilbarger County, TX||$125,800|
|Williamson County, TX||$144,100|
|Winkler County TX||$124,600|
|Wise County, TX||$146,600|
|Young County, TX||$135,700|
|Zavala County, TX||$141,800|
USDA Mortgage Calculator
Calculating your mortgage payment can be confusing if you’re not sure what you should be adding, and what you should be subtracting.
While there is a general rule that you can always take 1% of your sales price as your mortgage payment, we wanted to take it one step further and made a USDA loan calculator specifically for you to help you figure out what your monthly payment will be.
All you have to do is plug in a just 2 numbers and everything will get automatically calculated for you.
It’s really easy.
USDA Loan Rates in Texas
Getting a great USDA rate is important when looking to buy or refinance a home.
The thing that many people don’t realize is how mortgage rates actually work.
While it’s always best to get a fresh, up to date rate quote, it’s a good idea to know a “range” of what rates are doing in the market so that you’ll at least know where things stand.
Keep in mind that rates always change, but knowing the trends can help you get an idea as to where USDA rates stand at the moment.
To see the average USDA mortgage rates for Texas, just click here and you’ll be taken back to the top of the page where we have it on the right hand side.
Also, here’s a great video that goes over how mortgage rates work and why they sometimes go up, and why they go down as well:
USDA Loan Commonly Asked Questions
These are the most common questions that we get asked, so we compiled them to help you out and get you as many answers as possible.
Next Steps with a USDA Loan
Now that you’ve become a certified USDA loan expert, you’re ready to pick a direction and get going.
If you still have more questions that you’d like answered, you can always reach out and we’ll be happy to help guide you in the right direction.