USDA Loan Limits in Texas for 2024: Fast, Instant Search

Are you a Texan (or transplant) looking for a way to finance the home you’ve always wanted? USDA loans might be your answer.

These loans are designed to help moderate to low-income families purchase homes in areas outside the chaos of the big city, mostly in suburban and rural areas.

But what are the USDA loan limits in Texas? And how can you make the most of this program?

Let’s dive into the max USDA loan limits, answer some questions, and show you how to check eligibility to see if you qualify for one.

How USDA Loan Limits in Texas Work

USDA loan limits in Texas are determined by the county in which the property is located and the cost of living in that area. In general, the more expensive the area, the higher the loan limit.

For example, in most counties in Texas, the USDA loan limit for a single-family home is $386,400. However, in some high-cost areas, such as Austin and Houston, the limits could be higher.

It’s important to note that these limits are based on the appraised value of the property, not the purchase price.

Another thing to keep in mind is that USDA loans have income limits as well. To qualify for a USDA loan in Texas, your household income cannot exceed 115% of the median income for your area.

Texas USDA Maximum Loan Limits for 2024

We created an easy-to-use table so you can search for your county in Texas and view the USDA loan limits for 2024.

What Next?

If you’re considering applying for a USDA loan in Texas, it’s important to have a clear understanding of the loan limits in your area. We want to make sure that you have all the information you need to make informed decisions about your finances. That’s why we’ve provided an easy-to-use table that outlines the USDA loan limits for each county in Texas.

However, we understand that sometimes you may have questions or concerns that aren’t addressed in our resources. That’s why we encourage you to get in touch with us if you have any questions about USDA loan limits in Texas or the application process. Our team of experts is always here to help and provide guidance along the way.

Frequently Asked Questions

What are the income limits for USDA loan in Texas?

The income limits for USDA loan in Texas vary depending on the county and the number of people in the household. Generally, the maximum income limit is 115% of the median income for the area.

How much can you borrow with USDA loan?

The amount that can be borrowed with a USDA loan depends on the borrower’s income, the property’s location, and other factors. However, the loan amount cannot exceed the appraised value of the property.

What is the highest loan amount for USDA?

The highest loan amount for USDA loan is not fixed as it varies based on the appraised value of the property and other eligibility criteria such as income limits, credit history, and debt-to-income ratio.

Is USDA loan hard to get?

No, getting approved for a USDA loan can be sometimes harder due to the restrictions, but it’s not necessarily hard to get. Eligibility criteria such as credit score, debt-to-income ratio, and income limits must be met. However, USDA loans are specifically designed to help low to moderate-income families in rural areas achieve homeownership. As such, those who meet the eligibility criteria may find it easier to qualify for a USDA loan than for other types of loans.