Call (972) 338-LAND
Call (972) 338-LAND

Land Data Find us on Google+

Search Listings  N.Texas Farm & Ranch Listings: Texas Ranch Land For Sale across the Great State of Texas

Search Listings  FSBO Texas Farm & Ranch Listings: FSBO Ranch Listings

NTREIS MLS Link FREE MLS Search..   N.Texas Rural Properties   

Free USDA Rural Program Information

 Guaranteed Housing Loans

Eligibility: Applicants for loans may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.

Terms: Loans are for 30 years. The promissory note interest rate is set by the lender. There is no required down payment. The lender must also determine repayment feasibility, using ratios of repayment (gross) income to PITI and to total family debt.

Standards: Under the Section 502 program, housing must be modest in size, design, and cost. Houses constructed, purchased, or rehabilitated must meet the voluntary national model building code adopted by the state and HCFP thermal and site standards. New Manufactured housing must be permanently installed and meet the HUD Manufactured Housing Construction and Safety Standards and HCFP thermal and site standards. Existing manufactured housing will not be guaranteed unless it is already financed with an HCFP direct or guaranteed loan or it is Real Estate Owned (REO) formerly secured by an HCFP direct or guaranteed loan.

For more information about this program, or to file an application, contact the local Rural Development office in your area.
or in TX John Kirchhoff phone (254)742-9770 Fax (254)742-9735

Additional Information about the Guaranteed Loan ProgramUSDA Rural Dev Loan Info

North Texas Land Use Data | North Texas Rural Land Trends|Texas A&M RECenter Rural Land USe Data Land & Ranch Properties google+
Ranch and Rural Real Estate Marketing . .  with Real Results


Site Map | Robert Vining, BROKER    TREC Lic#0511626    Privacy | OPT-OUT  |   LinksREALTOR LOGO Multiple Listing Service