USDA Loans in Lucas TX l Lucas Texas USDA Home Loans

By
Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

Buying a Home in Texas? Would you like a 100% financing loan? 

 

 The USDA Home Loan program can be a great choice for your Lucas TX home buying needs. 

 

 The Lucas Texas USDA Loan program has the following highlights: 

 

 - 100% financing, meaning no down payment is required. It’s possible to get into your home with nothing out of your pocket including closing costs! 

 

 - Interest rates are still low compared to other loan programs- Lucas Texas USDA Rate Quote 

 

 - Low monthly mortgage insurance, just .4% of the loan amount per year as of July 2013. 

 

 

USDA Loans in Lucas TX

 

 So you may be wondering “Do I qualify?”  Here are a few basic qualifying standards and will help you determine your USDA Loans in Lucas TX

 

 - credit score must be at 640 or above 

 

 - Primary residence properties only. 

 

 - You must check to see if the home is in a USDA eligible area. Check the home by visiting the USDA website.  Visit this site and plug in your address or town:  http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp If your property is in an eligible area, you can likely use a USDA loan to purchase your new home! 

 

 - Income limits apply. When calculating the qualifying household income, there are credits that can be applied for child care and dependents under 18 years old,  – Call us at 817-860-3232 and we can help determine if you fall under the limits. 

 

 An important step in looking for a lender is to find a lender that provides “in-house” USDA home loan programs. USDA mortgage can be complicated, so in-house underwriting and funding is critical when making sure you meet your contract deadlines. LeaderOne is an in-house USDA lender. 

 

 For more information on USDA Loans in Lucas TX,  please contact Joy Bates, at 817-860-3232, visit http://legacyfinancial.com , or email: joybates@leader1.com. 

Posted by

The Legacy Group of CrossCountry Mortgage

Chad and Joy Bates NMLS #243437

817-860-3232

1205 West Abram St. 

Arlington, TX 76013

Comments (1)

Tracy Lee Parker
RE/MAX Heritage/PLATINUM PROPERTIES & MANAGEMENT - Royse City, TX
Buy*Sell*Lease

I love selling homes with the USDA Loan. It is a great product which helps the buyer bring very little to the closing table if the seller helps with some costs too!

 

Oct 18, 2013 07:50 AM