What is a USDA Home Loan?

The U.S. Department of Agriculture (USDA) insures home loans to help with housing needs in areas it classifies as "rural." You might be surprised by USDA’s definition of "rural," which includes some areas commonly seen as "suburban." Many appealing new housing communities on the outskirts of the Houston Metro Area and other major Texas cities are eligible for USDA home loans.

USDA Loan Quick Facts

Zero Down Payment
is allowed.
Owner Occupants Only.
Loan Limit varies by Area Income Limit and Family Size.
Non Occupant Co-Borrowers are not allowed.
A Seller can contribute up to 6% of Sales Price towards Buyer Closing Costs.
There is no limit on Home Acreage. Some restrictions apply.

What determines USDA Home Loan Eligibility?

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If you choose Texas Property Lending Inc. for your mortgage and select our affiliate, Texas Property Realty, to represent you as your Real Estate Broker, we will provide a discount of up to .50% on your mortgage APR.

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This offer is limited to the purchase of a Single-Family Home, Duplex, Triplex, Fourplex, Condo, or Town home in the Houston Metro Area, and is contingent upon your simultaneous use of the mortgage services of Texas Property Lending Inc, combined with the real estate brokerage services of Texas Property Realty. Texas Property Lending Inc cannot lock your rate until Texas Property Realty has acquired a signed Purchase Contract between you and a Seller. The amount of APR savings will vary depending on many factors such as: loan program, loan term, market conditions, and your FICO Credit Score. Loan Applicants must meet the criteria of each offered loan program. As per RESPA, any person who desires to work with Texas Property Lending Inc is NOT required to use Texas Property Realty, or vice versa. Both companies operate separately. If a home purchaser desires to use Texas Property Lending Inc without using Texas Property Realty, then standard mortgage rates will apply. Offer is provided by Texas Property Lending Inc. Texas Property Lending Inc (NMLS ID 1428535) and Texas Property Realty (Texas Lic # 9007359) are Affiliated Businesses. See Affiliated Business Arrangement Disclosure.

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