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What is a USDA Loan?

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USDA Loans in the surrounding Houston Area

A USDA home loan is insured by the US Department of Agriculture (USDA) to help with housing needs in the “rural” areas of America. It may surprise you how USDA defines a “rural” area. Some areas often thought of as “suburban” actually are designated as “rural” by USDA. There are more than a few beautiful new planned housing communities on the outer limits of the Houston Metro area that will qualify for a USDA home loan.

USDA Loan Quick Facts

Zero Downpayment Required.

Loan Limit varies by area income limit.

Flexible qualification.

Low mortgage insurance rates.

Owner occupants only.

Seller contribution up to 6%.

What are the Benefits of USDA Loans in the Houston Area?

With the USDA insuring your loan, your risk profile as borrower is lower than it would be otherwise. Lenders who see this will be more willing to accommodate your needs when negotiating mortgage terms, and may offer you more competitive loans than you would otherwise be able to qualify for.

Houston homebuyers who are eligible for USDA home loans can take advantage of the following benefits:

The land the home occupies can be as large is “typical in the area”. There is no official size restriction on the acreage.

USDA loans have significantly less costly mortgage insurance than FHA Loans which means that a USDA loans could offer a lower monthly payment versus FHA.

If the home appraisal is for more than the purchase price, then the difference may be rolled into an increased loan amount, which allows the buyer to finance all or some of their closing costs.

Flexible and easy qualifications that are based on FHA guidelines.

30 year fixed rates are extremely competitive.

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What Determines Eligibility for USDA Loans surrounding our Houston Metro Area?

In order to qualify for a USDA Loan in Texas, you will need to meet the following eligibility requirements:

Income Limitation:

Maximum income levels are specific to each Texas County. For example, and sorrounding areas of Houston, the maximum income level for a one to four person household is $86,100, and for five to eight person family is $113,650. Click on the link below or give us a call for details.

Loan Amount limitation:

The maximum loan amount is determined by the maximum payment the borrower can make and still maintain their total Debt to Income (DTI) Ratio below 41%. In some circumstances Automated Underwriting can allow a DTI Ratio to slightly exceed 41%.

Area Limitation:

Click below to find out if an address is eligible for an USDA loan:

Map of available locations for USDA loans near Houston Metro

The USDA Loan Process

Close in as fast as 15 days!

Easy and
Simple.

1 How's My Credit 2 Loan Options 3 Approval Process 4 Steps To Closing

Purchase USDA Home Loan Lowest Rate Guarantee*

If you use our realty affiliate, Texas Property Realty, on a purchase and closing transaction of a home, then your final home loan interest rate in combination with all expenses, will be lower on the same loan product than any other competitor, or we, Texas Property Lending Inc will pay $1000 towards your closing costs when you close your purchase with Texas Property Realty.

*This guarantee applies only to Government backed programs including FHA 203(b), FHA 203(k), VA, and USDA; and includes only those Home Loan Products that Texas Property Lending Inc offers. Any and all claim for reimbursement must be made in writing no later than 30 days before closing,

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Our loan services at Texas Property Lending, Inc. are available to anyone purchasing a home. However, you can streamline your home purchase by combing the services of Texas Property Lending, Inc. with our affiliate Texas Property Realty as your real estate broker. Combining these services will help us (Texas Property Lending, Inc.) get you in your dream home quickly and could also decrease your overall costs. If you’d like to learn more about this bundling of services from Texas Property Lending, Inc, and how this could save you money, call now at 713-955-LOAN (5262).

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Our 10% Non-Profit Donation Guarantee

We endorse the spirit of giving espoused by Bill and Melinda Gates, Warren Buffet, and others, in helping to reduce global inequality and human suffering. Each time you close a transaction with either affiliated business, Texas Property Lending Inc or Texas Property Realty, we donate 10% of earned Commissions to Charity. With each of your particular transactions, ask us for details!

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-Bill and Melinda Gates