For a quick Loan Quote or to check USDA Loan Eligibility information on other areas in the State of Texas, please fill out the form below and we'll be happy to check on it for you!**

Your information:

Select One... Google Search Yahoo Search Bing Search My Realtor Radio Show/Ad Other

Select One... Immediate Within 1 month Within 2 months Within 3 months Within 6 months More than 6 months

What is your timeframe?

Referral Source:*

Last Name:*

First Name:*

Phone:*

Email:*

Subject property information:

Estimated Credit History:*

Select One... Excellent 720+ Good 650 - 720 Fair 600 - 650 Poor 600 or less

Estimated Value:

Property Address:

Comments?

** Please note: We cannot lend amounts less than $60,000 or on Manufactured Housing (Mobile Homes) or more than 10 acres of land.

USDA Rural Loans. What are they?

A USDA Guaranteed Loan is a Government insured 100% purchase loan, offered only in "rural" areas. But, the USDA Rural designation might surprise you. The USDA says that the property must be designated as rural by the Rural Housing Service (RHS) and many designated rural areas actually look and feel more like the suburbs (suburban areas often qualify). They also must serviced only by direct lenders that meet federal guidelines. Supreme Lending in Austin is one of those lenders, and we consider USDA home loans one of our specialties! We have been working with USDA loans for years and have highly knowledgable loan officers in USDA. Use the USDA home loan eligibility maps on this site to check homes in Central Texas for rural designation. This is a great opporutunity to obtain the most money saving, lowest payment home loan available!

Quick Facts

• Loan comes directly from or is backed by the USDA

• They are not "just for farmers", millions can now qualify

• Offers better terms than an FHA or conventional loans

• Lower Rates and $0 Down Financing

• Can be used to buy a new home or refinance to a lower rate.

USDA Loan Guarantee Program (Section 502)

USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.

Under the USDA Guaranteed Loan program, the Housing and Community Facilities Programs, or HCFP, guarantees loans made by private sector lenders. (A loan guarantee through HCFP means that, should the individual borrower default on the loan, HCFP will pay the private financier for the loan.) The individual works with the private lender and makes his or her payments to that lender. Under the terms of the program, an individual or family may borrow up to 100% of the appraised value of the home, which eliminates the need for a down payment. Since a common barrier to owning a home for many low-income people is the lack of funds to make a down payment, the availability of the loan guarantees from HCFP makes the reality of owning a home available to a much larger percentage of Americans.

“Detailed explanations of options, what to expect and an overall feeling of support."
-Colleen J., Austin, Texas