Lucas TX 100% USDA Loans l USDA Loans Lucas Texas

By
Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

USDA 100% home loan financing in Lucas, Texas and surrounding areas. Lucas 100% financing with USDA mortgage loans. 

 100% financing on USDA mortgage loans are available for home purchasing in Lucas, TX. 

 A 0% down payment option for home buyers looking to purchase a home in Lucas, Texas is available. 

 Home buyers can keep their cash reserves in their pocket instead of having to use it on a home down payment. 

 Home buyers are afforded with a unique USDA home loan government program that can assist them. 

 An important part to home buyer success is the post closing cash reserves they will receive.

 

 

 It would be a great benefit to  a home owner to have at least 6 months of reserves such as hot water heaters, air conditioning and heating units, a washer and dryer, among other appliances like a stove, oven and disposals on hand in case an emergency happens.  

 

 A lot of home buyers probably buy new furniture or draperies to go along with their new home purchase. 

 The ideal goal for us to is structure together a purchase for you that results in having to pay no cash out of your own pocket. 

 Get more information below about 100% home loan financing on Lucas USDA loans: FHA and Conventional loans are still very competitive with USDA loans.

 

 100% USDA financing is available with small monthly mortgage insurance of just about .30% in loan amounts each year. 

 As a result, the 2 benefits to a USDA loan are: 1. 100% financing with a no down payment option on your USDA loans is available to you and 2. A fixed interest rate that consists of 30 years of USDA mortgage loans in the Lucas, Texas area. 

 Use very low Mortgage Insurance to save a lot of your money when compared to Conventional and FHA loans.

 

 In order for you to qualify for a USDA mortgage loan your home must be in a USDA eligible area that is defined by Congress.

 

 

 Not all of the State of Texas qualifies for a USDA loan but most parts do. Some areas around Lucas won't qualify for a USDA loan. 

 You can determine if your home is in an eligible area by visiting: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011 and typing in your address in the search bar. 

 If, after you have visited the USDA Loans eligibility website and it is determined that your home meets the proper requirements, than you use a USDA mortgage loan to purchase that home.

 

 

 Use a number of credit that are afforded to child care and dependents under the age of 18 to calculate your family's "qualifying income." Please be aware there are income restrictions. 

 http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income%4011. This is the USDA loan site that is used to determine whether or not your family meets the income restrictions. Most families qualify after doing the formula that is based on the number of people in your family.

 

 It is absolutely essential that you hire a lender that can assist you and your family with this process. 

 Choose the lender that gives you the most value but make sure that you choose a mortgage banker and not a broker, otherwise you may have delays in getting your loan approved. Next, you definitely want to choose a mortgage lender that has the expertise in USDA loans and what comes with it because the overall structure of your home buying contract can save you thousands of dollars at your closing. 

 

 A contract is used by sellers to help you cover your closing costs along with the process of setting up your escrow, title policies, future accounts, and insurance policies. 

 You need to use an established lender who provides in house underwriting, processing and closing of your Lucas TX 100% USDA Loans financing mortgage loan. Be aware of some provisions for purchasing of appliances. 

 

 If you would like more information on how to get a USDA loan, please contact Joy Bates, Senior Loan Officer of the Legacy Mortgage team, at 817-860 3232, http://legacyfinancial.com, or email Joy: 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

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