Austin USDA Loan

Frequently Asked Questions (FAQ)

 

USDA Loan AustinWhat is a USDA Home Loan?

An Austin USDA Guarantee Home Loan is a government insured loan, which is issued and serviced by a lender. The United States Department of Agriculture, or USDA, creates distinctively favourable conditions for qualified home buyers.
 

Can you connect me to premier mortgage team that offers USDA Loans?

Yes! Austin Mortgage will gladly provide qualified borrowers the chance to expand their opportunities with the USDA Guarantee Rural Housing program. We work with national leaders in USDA lending, that offer great rates for USDA loans and stress-free closings in 30-days or less.
In order for properties to be considered eligible, they must be located in a rural area as defined by the USDA Rural Development and cannot produce income.
 

What are the benefits of the USDA Loan Program?

  • No USDA reserve requirements
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  • 102% Austin-area USDA mortgage financing
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  • Not required to be a first-time home buyer
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  • 30-year fixed rate
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  • Borrowers with a 620+ FICO score can qualify
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  • Self-employed incomes accepted
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  • There is no maximum Austin USDA loan amount set
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  • No limit is set on seller contributions or gift funds- gifts may be accepted from family, friends, or non-profit organizations
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Enjoy a mortgage with NO down payment when you choose a mortgage with the USDA Guarantee Rural Housing Program.