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!