There is money available for zero down financing in areas around Austin. This USDA loan has many benefits such as no monthly Mortgage Insurance, credit scores as low as 580, and No reserves required. Some of the requirements are: income not to exceed $82,300, must be in a designated RHS rural area, Must have dependable water and waste disposal systems that are apprpoved by local authorities, and be a single family non - farm residence. With the $8000. tax credit, now is the time to get your buyers under contract.