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USDA Changes Make “Rural” Homes More Accessible – Texas
By Leesa Sandoval
Zero-down home loan programs in Texas are few and far between these days, but one that remains available might be of interest to you – especially given some changes that make it more accessible.
USDA Guaranteed Rural Development loans offer 100% financing with no monthly Private Mortgage Insurance. While there are some geographic limitations for this program, if you are interested in eligible properties, you should take notice.
Read MoreThree Ways to Purchase Your Home with $100 Down or Less – Texas
By Leesa Sandoval
These days everyone is looking for a deal, especially with the amount of foreclosed homes on the market. I would like to take a moment to share with you a few programs that will allow you to purchase your home with $100 down or less.
Read MoreUnderstanding Mortgage Rates – Texas
By Leesa Sandoval
As a consumer, it’s important to understand that mortgage rates change with the movement in the bond market, specifically the value of mortgage-backed securities. These changes happen daily and sometimes multiple times a day. Rates will vary from program to program. For example, rates on USDA loans are a bit higher than FHA loans because USDA allows for 100% financing.
Read MoreUSDA Home Loan Details – Texas
By Leesa Sandoval
The rates and fees associated with the USDA home loan in Texas are competitive with other programs like standard conventional loans, FHA and VA loans, and unlike these programs, there are no liquid cash reserve requirements associated with the approval of the loan. This means that you do not have to have a large amount of money in reserve after the purchase or refinance to qualify for the loan.
Read MoreUSDA 100% Home Loans- Texas
By Leesa Sandoval
The USDA Rural Development Program is a shining star for many Texas home buyers. Although it is not a new program, it has been identified as one of the few remaining ways to obtain 100% home financing in Texas.
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