Texas USDA Home Loans
LEGACY FINANCIAL, INC.

Resources

LEGACY FINANCIAL, INC. prides itself on supporting people who are looking for honest, reliable funding solutions. Below you will find resources that will help you on your journey. If you have any questions, feel free to contact Chad Bates at (817) 860-3232 for a no obligation consultation. We are here to support you!
Here is some helpful information to use when you are on your journey to finding a new home!

  

US Department of Housing and Urban Development HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination.

Federal Trade Commission (FTC) works to ensure that the nation’s markets are vigorous, efficient and free of restrictions that harm consumers. Experience demonstrates that competition among firms yields products at the lowest prices, spurs innovation and strengthens the economy. Markets also work best when consumers can make informed choices based on accurate information.

 

A USDA Guaranteed Loan is a Government insured 100%, no down payment, purchase loan. These loans are only offered in rural areas and serviced by direct lenders that meet federal guidelines.  We service these loans. 

 

If you are one of those home buyers who does not have the minimum down payment requirement with Conventional and USDA financing, then a USDA home mortgage loan may be for you. USDA home mortgage loans are offered to help lower to moderate income households purchase homes in rural areas and in some cases on the outskirts of a city or in a medium sized town as determined by the United States Department of Agriculture (USDA) with NO DOWNPAYMENT requirement! USDA home mortgage loans offer many advantages to qualified borrowers looking to buy or refinance (no cash out) including:

  • 100% financing
  • No monthly mortgage insurance
  • No asset requirements
  • Gifts allowed for closing costs
  • Required property improvements can be financed into the loan up to 102% of the "improved" value, which can be completed after closing.

Eligible USDA property types include single family homes and condominiums (primary residence only). USDA does have some income and property eligibility requirements. Please contact us to find out these limits in your area of interest.

 

                                                                                           

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