Capital Home Mortgage Texas
Texas USDA Home Loans
Texas USDA Home Mortgage Lender
Texas USDA Home Loans are mortgages for Texas buyers purchasing homes in a rural area. These loans are 100% financing zero down with low rates and no limits on seller concessions. USDA Stands for “United States Department of Agriculture” which supervises the rural housing programs. The USDA Home loan directive is to provide borrowers with affordable homeownership in rural communities with little out of pocket costs.
It is important to understand that the USDA offers two types of loans. The direct where the USDA underwrites and provide the financing, reserved for very low income buyers, and the guarantee loan that protects the lenders from loss in the event of foreclosure. In simple terms the USDA insures a portion of the loan typically in relation to a down payment. This guarantee allows for a 100% mortgage loan making homeownership more accessible in small town America.
The USDA Home Eligibility is determined by four factors: credit score, monthly income, monthly debt obligations and the geographic location of the property.
To find out if you meet the income requirements or if the property is eligible, please use the links to access the USDA eligibility website.
Why Texas is Choosing Capital Home Mortgage...
Close On Time with True Approval
Control of the Loan from the Application to Funding.
Great Texas Rates / Low Fees
Direct Mortgage Lender Providing Competitive Rates and Low Fees.
Texas Customer Service
7 Day a Week Support from Application to Final Mortgage Payment.
Texas Mortgage Rates
Capital Home Mortgage Texas is dedicated to offering great Texas Mortgage Rates and Low Fees all while providing exceptional customer service. Our mortgage professionals are focused solely on home mortgage lending to make your experience smooth with an on time closing. Call today to speak with a mortgage officer or request a no obligation quick rate quote.
Capital Home Mortgage Texas Mortgage Team
Benefits of a Texas USDA Loan
- Guaranteed by the US Department of Agriculture
- Rural Properties Only
- 100% Financing
- No Maximum on Loan Amounts
- No Restrictions on Seller Concessions
- Low Monthly Mortgage Insurance
- Acreage Up to 30% of Total Value with Restrictions
- FHA/USDA Certified Appraisers only
- Guarantee Fee May be Rolled into the Loan
- New Manufactured Home Only