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.
USDA Home Loan Program in Houston, TX 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.
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I want to start this review saying big thanks to the Clear Lending team especially to Joan Gallardo because without him None of this would be possible..., We Choose Clear Lending initially based on positive online reviews, and couldn’t have been more satisfied with the process. While the process of home buying was much more difficult than we’d imagined, based on the levels of competitiveness, Joan gave us excellent guidance, unflagging availability, and deep knowledge about a really wide range of homes that we looked at. He helped us get into our dream home with minimal stress, thanks to him and his team we got the house that I and my family were looking for, he was more than communicative, understanding, and patient as we dragged him through dozens of open houses, Joan always kept a very communicative attitude and had the answer for each of our questions no matter what day of the week was o how late. Most important to us, Joan was always honest with us about what he thought about each property, was always available and helpful, and we always felt that he truly had our best interests at heart. In the future, if we ever decide to move, we will definitely use Joan again to both sell our home and find a new one. THANKS FOR EVERYTHING CLEAR LENDING!!!!