Within the vast state of Texas, there are many areas (even seemingly within the city) that may qualify for a loan program offered through the United States Department of Agriculture, also known as a Rural Development or USDA loan. In order to qualify for a USDA loan in Texas, borrowers will have to meet certain requirements based on the area in which they are purchasing or refinancing their home. You can find out if your area qualifies by checking out the USDA Rural Development website and searching for your current address or the address of the property you are interested in purchasing.
After you have determined whether your property address is in an approved location, you will need to meet other qualification guidelines. One of these is your income. There are limitations depending on where you live and how many people will occupy the home. You can view a list of USDA income requirements by area for Texas on this PDF provided by the USDA Rural Development website.
Other USDA loan qualification requirements include an acceptable debt-to-income ratio and property type. Other factors also come into play when applying for a Texas USDA loan, including credit score, income history and proof of income and assets.