Homes & Communities
Dallas /Fort Worth
Real Estate

972-725-9110

Speak with a real estate professional about
mortgage & property information

Home  |  Blog  |  Contact

Find your dream Dallas / Fort Worth home today!

USDA Guaranteed Home Loans

 USDA Home LoansTexas USDA Guaranteed Home Purchase Loans

One of the biggest hurdles to overcome for new homeowners is coming up with the initial down payment. With a USDA Purchase home loan, a borrower can finance up to 102% of the home’s value which includes the guarantee fee.

USDA housing loan allows you to put more money towards paying off your mortgage each month, rather than towards fees.

“USDA loans offer many benefits to borrowers and with lower qualification requirements.


Basics of Texas USDA Guaranteed Home Loans

USDA purchase loans do not require a down payment, offer cheaper mortgage rates, and 100% financing. A USDA Guaranteed Home Loan is a home loan that is insured against default by the government. This helps lenders in being more open to lending to lower income families who may not be able to meet the requirements of other conventional mortgages.

The USDA Home Loan was created to help low to moderate income families in obtaining a home, sometimes even with no down payment.

In order to qualify for a USDA Guaranteed Home Loan there are several qualifications that a borrower must meet.

USDA loan guarantees are offered on a variety of government sponsored mortgage programs and enables mortgage lenders to provide USDA home loans to borrowers who aren’t able to get approved.

Reasons to Consider a USDA Purchase:

  • Very competitive fixed interest rates.
  • Zero money down allowing financing up to 100% of your home’s value.
  • Affordable loan terms at 30 years.

USDA loans offer a competitive fixed rate. In fact, the USDA home loan program does not offer adjustable rate mortgages of any kind. So your monthly mortgage payments will never increase with a USDA home loan. The only fee associated with the USDA rural housing program is a small one-time funding fee. USDA housing loans allow you to put money towards paying off your mortgage each month rather than towards fees.