Austin USDA Loan

Austin USDA Loan

Frequently Asked Questions (FAQ)

Get Started – Austin Mortgage

What is a USDA Home Loan?

An Austin USDA Guarantee Home Loan is a government-insured loan. The United States Department of Agriculture, or USDA, creates distinctively favorable conditions for qualified homebuyers.

What are the benefits of the USDA Loan Program?

  • No USDA reserve requirements
  • No down payment required for Austin-area USDA mortgage financing
  • Not required to be a first-time home buyer
  • 30-year fixed rate
  • Borrowers with a lower FICO score may qualify
  • Self-employed incomes accepted
  • There is no maximum Austin USDA loan amount set
  • No limit set on seller contributions or gift funds- gifts may be accepted from family, friends, or non-profit organizations

Choose a mortgage with the USDA Guarantee Rural Housing Program!