Today’s subject is the USDA Single Family Guaranteed Loan Program. If you are in the rural areas of Texas you may have heard of this program. This program is making homes affordable in rural areas for low to moderate income families in those areas.
Take a look at the basics.
- These are Loans set with 30 year terms, but the interest rates are set by the lender.
- There is no downpayment on these loans, which is often the roadblock to getting into a suitable home for families in the income ranges targeted.
- Families must be considering reasonable, modest housing, must have decent credit histories, have an ability to afford the mortgage payments including taxes and insurance.
- They may meet the income criteria with income ranges up to 115% of the median income in the area.
If you are looking for a home in portions of Texas- including Kaufman County– and feel you may meet the income criteria for this area (call for details)- then why are you selling yourself short. Take a look at what there is out there for you and your family, let Avery Realty Group help you make this home a reality! Call Today! 214-604-4561- Dawn