Loan Programs With Zero (0) Down Payment

USDA

VA

Though not programs specifically geared toward first time homebuyers in Texas,andloans offer very competitive rates and no down payment options.

With a USDA loan, a first time homebuyer can finance the entire value (100%) of the property, as well as have the closing costs rolled into the loan. There are, however, income limitations, as well as restrictions on which cities/counties are eligible for a USDA loan. This type of loan favors those individuals seeking to purchase a home in more rural areas. For more details visit our USDA Mortgage Loans page.

If a first time homebuyer is a member of the armed services, or once was, they may be eligible for a VA loan. VA loans are backed by the U.S. Department of Veteran Affairs and offer benefits to both former and active military personnel, and their family. This program also allows the homebuyer to finance 100% of the property value. There is a funding fee with this program; however the fee can be financed with the rest of the loan amount so that it is possible to purchase the home with zero down payment. For a more complete description of guidelines and restrictions visit our VA Mortgage Loan page.