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USDA Loan Program:

Rural loans 0% downpayment - 100% financing

Rural Housing Service (RHS)

USDA Rural Development’s Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality.

DA Home Loan Program in Houston could be Your Solution.

USDA Rural Development provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality.

Eligible applicants may build, rehabilitate, or improve a dwelling in a suitable rural area. Borrowers seeking a USDA Home loan program in Houston have to meet the following criteria:

• Meet income-eligibility
• Agree to occupy the dwelling as their primary residence
• Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
• Have the legal capacity to incur the loan obligation
• Have not been suspended or debarred from participation in federal programs
• Demonstrate the willingness to meet credit obligations on time
• Purchase a property within an eligible area.

Get today's lowest mortgage rates.

Upon loan approval borrower may use funds for:

• New or existing residential property to be used as a permanent residence. The transaction may include closing costs and reasonable/customary expenses associated with the purchase.

• A site with a new or existing dwelling.
• Repairs and rehabilitation when coupled with the purchase of an existing home.
• Refinancing of eligible loans.
• Special design features or permanently installed equipment to accommodate a household member who has a physical disability.
• Reasonable and customary connection fees, assessments or the pro rata installment cost for utilities such as water, sewer, electricity, and gas for which the buyer is liable
• A pro-rata share of real estate taxes that is due and payable on the property at the time of loan closing. Funds can be allowed for the establishment of escrow accounts for real estate taxes and hazard and flood insurance premiums
• Essential household equipment such as wall-to-wall carpeting, ovens, ranges, refrigerators, washers, dryers, heating and cooling equipment as long as the equipment is conveyed with the dwelling
• Purchasing and installing measures to promote energy efficiency (e.g., insulation, double-paned glass, and solar panels)
• Installing fixed broadband service to the household as long as the equipment is conveyed with the dwelling
• Site preparation costs, including grading, foundation plantings, seeding or sod installation, trees, walls, fences, and driveways.

 

Don't wait any longer and find out how much loan you can get Pre-Approved.

Whether you are considering purchasing or refinancing an existing USDA mortgage loan, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online, and we will contact you right away to review the best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Delma Cruz • July 22, 2020

    Joan and Patricia guide us in the process of buying our home. They worked long hours and communicated constantly to ensure the process of our purchase went as smoothly as possible. We encounter a few hurdles along the way but with their experience, we were able to close our deal with no problems. Highly recommend to VA applicants. Follow their lead and you will be in your next home soon!!!

  • Alicia D • July 20, 2019

    FROM GOOGLE: AWESOME! Clear Lending knows what they are talking about when it comes to the buying and selling of Homes. They will go out of their way to make their clients feel secure in the handling of the biggest transaction of their lives. I highly recommend them! BIG shout to Edgar, Joan and Patricia…so friendly, helpful and professional. THANK YOU SO MUCH Y’ALL!

  • Hector Cueva • June 18, 2018

    After being denied by my credit union for a VA loan I search for someone local in the Houston area. I'm glad I found Joan, Jaqui and the whole team. They good people will take care of you never rush you in the process always guide you trough the whole process from getting a mortgage searching for a house to closing on the house. After four months of searching I'm a first time home buyer and the whole process was smooth even though I was outside of Houston, thanks to Joan and the team.

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