USDA Rural Home Loans
With loans available to home buyers in rural areas and financing assistance to those who qualify, a USDA loan can help you make the dream of homeownership a reality Learn more about USDA Loans from Bank of Texas and apply today.Get Started
WHAT IS A USDA LOAN?USDA loans are mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. USDA loans are available to home buyers in rural areas and offer 100% financing with reduced mortgage insurance premiums, and feature below-market mortgage rates.
Purchasing a home – Minimal Out Of Pocket Costs To You
The USDA Rural Development loan program provides low- and moderate-income households the opportunity to own a primary residence in eligible rural areas. It provides options for no down payment and low monthly mortgage insurance which saves you thousands.
Advantages of a USDA loan
With a USDA loan, eligible applicants may build, rehabilitate, improve or relocate a dwelling in a rural area. You do not need to be a first time homebuyer to be eligible for this program. Gift funds are also accepted for any out of pocket fees including closing costs.
Experienced Customer Service
Our mortgage bankers offer personalized service and are available to walk you through the whole home buying process. Find a local mortgage banker using the link below or give us a call. If you have existing mortgage-related questions, call mortgage customer service at 800-947-7061. For new loan or refinance inquiries, call 888-664-2135.
Loan Comparison Calculator
In addition to the calculated monthly payments, annual percentage rate (APR) offers a good apples-to-apples comparison between loans. APR takes into account the varying discount points, closing costs and fees that are typically added into the loan amount and financed over the term of the loan. If the fees are paid "out-of-pocket" then the APR will be the same as the stated interest rate. Use this loan comparison calculator to help determine the best loan option for you.Calculator
Apply with our online application It walks you through the process and allows you to submit documents securely using your phone, tablet or computer. You also get 24/7 access to your loan in progress and a direct line of communication with your loan officer to make sure your loan stays on track for closing!
After your application is completed, your mortgage banker will contact you to answer any questions you may have and request items if they need additional documentation.
Prepare for Closing
Close Your Loan
Have Mortgage Questions or Ready to Get Started?
Find a local mortgage banker using the link below or give us a call. If you have existing mortgage-related questions, call mortgage customer service at 800-947-7061. For new loan or refinance inquiries, call 888-664-2135. We’re here to help.Find a Mortgage Banker