Find South Padre Island, Texas USDA Home Loans | Check Eligible Areas in South Padre Island, Texas

USDA Loans South Padre Island, Texas

The South Padre Island USDA Home loan is a great choice for borrowers looking to buy a home with NO MONEY DOWN.  When home buyers hear USDA rural they often think of farms or underdeveloped areas.  In most cases you can find USDA eligible properties just outside of major Texas cities.  USDA is creating loans all across the country, including suburban towns that are anything but rural. In fact, in some states like Texas, the vast majority of the state is eligible for USDA loans. Find out if a property in South Padre Island, TX is USDA home eligible by calling 888-767-0554. USDA home loan experts are standing by and ready to help.  Connect with a licensed USDA specialist, ask questions, see what cities qualify, and get free quotes.

Finding the Perfect Home Loan

Thousands of consumers in South Padre Island, TX are ready for home ownership.  Securing the right home loan doesn’t have to be hard, we have solutions for less than perfect credit and even those with little savings or down payment. To help South Padre Island home buyers overcome challenges we offer more programs and the extra benefit of wholesale rates.  We simplify the home buying and refinancing challenges presented by 2024 South Padre Island mortgage guidelines. At USDA RuralMortgage.com, our mission is to get you approved for a South Padre Island USDA mortgage and into your home with payments you can afford. Even if you think you won’t qualify, our highly trained specialists will work with you closely on an individual basis to:

  • Review your finances to find a payment you can afford.
  • Improve your credit score if needed to qualify.
  • Obtain pre-approval to shop for a USDA Eligible Home.
  • Secure a loan and purchase your new home!

Working around Credit Issues with Top Rated Specialists

The USDA Rural Mortgage team is celebrating its 27th year in business.  Our experience allows for consumer mortgage confidence especially with South Padre Island, TX first time home buyers.  We navigate consumers through the mortgage process, explain options and find what choice works best for you. We specialize in more than just USDA rural mortgage loans.  Check out consumer home buyer GRANT options, FHA loans and our Bad credit home loan options.

Get on the Path to Home Ownership. We got your Back!
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    Once this form is completed you will have the option to start your USDA mortgage application.

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    South Padre Island, TX USDA Benefits

    • No down payment required
    • Low 30 year fixed rate
    • 102% financing (100% plus the guarantee fee that can be financed or paid for by the seller)
    • Can finance closing costs if appraisal above sales price
    • Competitive rates (as set by the underwriting lenders)
    • Minimal mortgage insurance required
    • No cash contribution required from borrower
    • Gift Funds Allowed
    • No maximum loan amount (although there are family income limits)
    • No reserves required
    • Streamlined credit approval for scores above 640
    • Can refinance an existing USDA loan to get a better interest rate if available

    Find your South Padre Island, TX USDA Home Loan 888-767-0554.

    South Padre Island is a barrier island in the U.S. state of Texas. It is located in Cameron County and in Willacy County. South Padre Island was formed when the creation of the Port Mansfield Channel split Padre Island in two. The resort city of South Padre Island, a popular vacation destination, is located on the island.

    Before the arrival of European settlers in North America, the island was inhabited by native tribes. Western settlement is considered to have been started by Padre Jose Nicolas Balli, who set up a cattle ranch early in the 19th century. He and his family were driven out by the Mexican–American War and were unable to return because of the American Civil War.

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