Capital Home Mortgage Corpus Christi

Corpus Christi USDA Home Loans

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Corpus Christi USDA Mortgage Lender

Corpus Christi USDA Home Loans

If you feel more at home surrounded by pastures than concrete, buying a home might be well within reach, thanks to a USDA home loan. Living in a major city or town can be expensive for some American families, so they might prefer the relative peace of living in a rural area. 

A USDA home loan is a mortgage backed by the federal government through the U.S. Department of Agriculture. It is intended to facilitate homeownership and improve the quality of life in rural America. The loan offers low-interest rates and does not require down payments, though it might be a good idea to put something down to reduce the overall amount repayable. 

Since 2009, the USDA mortgage program has helped over 625,000 families in rural areas across the United States. Are you looking to buy a home in any rural community in Corpus Christi? Capital Home Mortgage can help you obtain a Corpus Christi USDA home loan. 

USDA Home Loan Requirements

The requirements for USDA loans are generally more stringent than other types of loans due to their 100% financing nature. USDA loans require a credit score of 640. There is also an income limit based on the area median income or AMI.

Borrower Eligibility

To be eligible for a USDA loan, the borrower must:

  • be a U.S. citizen, non-citizen national, or qualified alien
  • agree to reside in the property as their primary residence
  • have a household income that does not exceed 115% of the area’s median household income. 

Aside from these two essential requirements, the borrower must exhibit that they cannot get a conventional loan without mortgage insurance. The borrower must not also be suspended or debarred from joining federal programs like USDA loan programs.

To access a list of locations and maps, visit the USDA website for more information.

Property Eligibility

The property you intend to purchase must be in a rural area designated by the USDA. The property must be a single-family dwelling unit and meet U.S. Housing and Development standards requirements.

Limitations of a USDA Loan

There are two limitations that you need to consider for USDA loans. First, USDA loans are only 30-year fixed-rate loans. Second, you can get 100% financing based on the property’s appraised value, not the purchase price. Lastly, the loan proceeds can only be used for the following:

  1. Purchase of new or existing house as a permanent residence
  2. Repairs for existing dwelling
  3. Refinancing
  4. Purchases of essential household equipment
  5. Site preparation cost for construction

Get a USDA Home Loan in Corpus Christi

Capital Home Mortgage is a Corpus Christi direct mortgage lender, meaning that we control every aspect of the loan process, including funding. This enables us to offer USDA home loans and other mortgage products at competitive interest rates and lower fees. 

Call us at (361) 724-3166 to speak with our loan officers about your next USDA loan in Corpus Christi.

Why Corpus Christi is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Corpus Christi Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Corpus Christi Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Corpus Christi USDA Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Benefits of a Corpus Christi USDA Loan

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
Home Purchase
Save Today
Have Questions?
USDA Home Home Lender

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only

Not Sure? Take a Look at Other Corpus Christi Mortgage Programs

Corpus Christi Mortgage Team

Conor Hayhurst

Manager
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

Manager
NMLS 210325

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