USDA - Guaranteed Rural Housing Loan Program

This program offers "no money down" mortgage loans to qualified borrowers. This loan program is beneficial to buyers with little cash for a down payment.

While most mortgage loan products are being scaled back due to associated credit risk, the USDA Rural Housing loan is still allowing borrowers to finance 100% with no down payment required to buy their homes. Any and all closing costs and prepaids that aren't paid by the seller can be financed into the loan amount.

While there are restrictions on income and geographical locations of where the USDA Rural Housing loan will work, you will find them to be very lenient. A lot of areas are eligible for these loans and you may be pleasantly surprised to find that you have areas that are eligible. To see if a home's address is in the Rural Housing area click here http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

As of April 20th the base income limit for all non-high cost counties will be divided into two categories.

Category One         1 - 4 Person Households    Base Income Limit $70,750

Category Two         5 - 8 Person Households    Base Income Limit $93,400

To see if you qualify or to apply for a USDA Rural Housing loan, please call us today at 512.302.4244 or fill out an application on-line.