Klein Texas USDA Home Loans

By
Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

Surrounding Klein area is a prime area for 100% financing on a home loan. Klein, Texas buyers can get 100% financing on new home purchases in close by areas.

This 100% program is truly not just for rural housing but for most of the geographic areas surrounding Klein, Texas qualifies for:

  • - 100% Financing Available- Small Monthly Mortgage Insurance (.30% of loan amount per year)- Interest Rates are still very competitive compared to Conventional and FHA.
  • The biggest benefit is no down payment to a USDA loan- true 100% financing- with long term, 30 year fixed rate loans.
  • Low MI (mortgage insurance) compare it to FHA and Conventional and see the savings!
Let's take a look at qualifying requirements for a USDA home loan:
  • There are some geographic areas that do not allow for USDA loans- but most of the State of Texas qualifies.
  • The simplest way to determine if you are in one of these areas is by entering an address into the USDA Property Eligiblity @ http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011.
  • If the property address is determined to be in an eligible area, you may use a USDA loan to purchase the home.
  • Income limits do apply to USDA loans- but they are not as limiting as most would think- you do not have to be a "low income" family to qualify.
  • Child care and dependents under 18 in the home can also alter the maximum income to be qualified for a USDA loan.
Here is the USDA website to determine if you are eligible income wise- or simply call Joy Bates at 817-860-3232 and she will assist you:  http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income%4011.
 
For the best service- make sure you ask your lender if they are a mortgage banker- and not a broker- or you will have delays in getting your loan approved. 
 
You can call Joy Bates, NMLS # 243437 at 817-860-3232 or visit online at http://legacyfinancial.com or email her at Joylynn.Bates@myccmortgage.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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