Zero Down Payment
Buy a home with no down payment required
No PMI Required
Save money with no mortgage insurance costs
Competitive Rates
Favorable interest rates for qualified borrowers
What is a USDA Loan?
A USDA loan is a government-backed mortgage offered through the U.S. Department of Agriculture's Rural Housing Service. These loans are designed to help homebuyers in eligible rural and suburban areas of Texas purchase a home with zero down payment. USDA loans have no mortgage insurance requirement and offer competitive rates, making them an excellent choice for qualifying borrowers.
USDA Loan Benefits
- Zero Down Payment: 100% financing available - no down payment required
- No PMI: Unlike FHA loans, USDA loans don't require private mortgage insurance
- Competitive Rates: USDA loans often have lower rates than other loan programs
- Flexible Credit Requirements: Credit scores as low as 580 can qualify
- Higher DTI Allowed: Debt-to-income ratios up to 43% considered
- Assumable Loans: USDA loans can be assumed by future buyers
USDA Loan Eligibility
Property Eligibility
- Single-family homes in eligible rural/suburban areas
- Most suburbs qualify (check area by address)
- Mobile homes on owned land eligible
- No property size limitations
Borrower Requirements
- Income limits vary by county (contact us for yours)
- Credit score 580+ preferred (lower possible)
- 2 years stable employment history
- Valid Social Security number
Is Your Texas Property Eligible?
USDA loans are available in most of rural and suburban Texas. Areas around Dallas-Fort Worth, Houston, Austin, and San Antonio generally qualify, but it depends on the specific property address. We can check your property's eligibility in seconds.
Not sure if your property qualifies? Call us with your property address and we'll verify immediately.
Understanding USDA Loan Costs
USDA loans have a one-time guarantee fee (typically 2-3.5% of loan amount) that can be financed into your mortgage. There is no annual mortgage insurance premium like FHA loans, making USDA loans often more affordable over time.
Frequently Asked Questions
What is a USDA loan?
A USDA loan is a government-backed mortgage offered through the U.S. Department of Agriculture for homebuyers in eligible rural and suburban areas. They require zero down payment and offer competitive rates.
Do USDA loans require a down payment?
No! USDA loans are one of the few loan programs that require zero down payment. You can finance 100% of your home purchase price.
Am I eligible for a USDA loan in Texas?
USDA loans are available in most of rural and suburban Texas. You'll need to verify that your property is in an eligible area. Most suburbs of Dallas, Houston, Austin, and San Antonio qualify.
What is the income limit for USDA loans?
Income limits vary by county in Texas. Generally, limits are set at 115% of the area median income. We can verify your eligibility based on your location and household income.
Calculate Your Monthly Payment
Use our mortgage calculator to estimate your monthly payments with a USDA loan. See how zero down payment and no PMI save you money.
Estimated Monthly Payment
$2,206.58/mo
Principal & Interest
$1,706.58
Taxes
$400.00
Insurance
$100.00
Loan amount: $270,000 · This is an estimate only. Actual payments depend on program, lender, mortgage insurance, HOA, and underwriting. Not a commitment to lend.
Check Your Property Eligibility Today
The first step is verifying that your property location qualifies for a USDA loan. Call Ken Harmon to check your property's eligibility and discuss your loan options.
Call to Check Eligibility →Ready to Get Started?
Apply online through our secure Loan Factory portal, or call Ken directly for a personal consultation. There's no obligation for a pre-qualification review.
Applications processed securely through Loan Factory, Inc. NMLS #320841 · Ken Harmon NMLS #921561
Important Disclosures
Programs, rates, terms, and conditions are subject to change without notice and are subject to credit and underwriting approval. Not all applicants will qualify. Loan amounts, interest rates, and program availability may vary based on individual circumstances, lender guidelines, and current market conditions. This is not a commitment to lend.
Ken Harmon, NMLS #921561. Loan Factory, Inc. NMLS #320841. Licensed to originate mortgage loans in the State of Texas. Verify licensing at nmlsconsumeraccess.org.
Equal Housing Opportunity.
Ready to Get Pre-Approved for a USDA Loan?
Call Ken Harmon today to start your zero-down payment home purchase in Texas
NMLS #921561