Single Family Housing Direct Home Loans in Texas
USDA Rural Development in Texas administers the Single Family Housing Direct Home Loan Program. Please review the following information and contact us with any questions.
Program Factsheet: PDF
What does this program do?
Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.
Who may apply for this program?
A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans. At a minimum, applicants interested in obtaining a direct loan must have an adjusted income that is at or below the applicable low-income limit for the area where they wish to buy a house and they must demonstrate a willingness and ability to repay debt.
Single Family Housing Guaranteed Loan Program in Texas
USDA Rural Development in Texas administers the Single Family Housing Guaranteed Loan Program. Please review the following information and our Texas Guaranteed Approved Lender List for your convenience.
Program Factsheet: PDF