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Unlocking the Door to Rural Homeownership

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Unlocking the Door to Rural Homeownership: A Comprehensive Guide to Texas Farm Credit’s Mortgage Products

Nestled within the vast expanse of rural Texas, the allure of sprawling acreage and natural beauty beckons a growing number of city dwellers to call it home. Texas Farm Credit, recognizing the unique needs of those embracing country living, offers a range of mortgage products tailored to suit the diverse properties that dot rural landscapes. Among these, the spotlight shines on the one-time close mortgage product, simplifying the path to homeownership.

Rural Home Loans: Embracing Diversity in Country Living

Texas Farm Credit understands that rural living isn’t one-size-fits-all. Our Rural Home Loans cater to the unique character of country residences, whether they be traditional homes, barndominiums, or manufactured homes. With financing options tailored to diverse property types, we bridge the gap between rural dreams and homeownership. Our programs, such as the Rural Home Program and Rural Home Jumbo Program, consider varying credit scores, ensuring accessibility to a broad range of applicants. Enjoy competitive fixed rates, terms up to 30 years, and the flexibility to finance properties like barndominiums.

Construction Loans: Turning Dreams into Reality

At Texas Farm Credit, we believe in the endless possibilities that come with country living. Our Construction Loans cover a spectrum of dwellings, from stick-built homes to barndominiums. We simplify the construction process with One Close Construction Loans, allowing homeowners to commence mortgage payments after closing, saving on additional costs. Benefit from a 12-month construction period, fixed-rate mortgages up to 30 years, and the flexibility to finance unique properties or outbuildings. Texas Farm Credit strives to turn your rural living dreams into a tangible reality.

“This was a totally wonderful experience. This was our 12th closing and it was the bes loan experience yet! Great teamwork and communication end to end!” – Don S.

Homesite and Lot Loans: Owning Your Piece of Texas Soil

Opportunities for homesite and lot loan financing with Texas Farm Credit are flexible with the buyer in mind. Raw land of 20 acres or less can be considered a “lot” when outside of city limits and Texas Farm Credit offers convenient terms for land usage.  Below are some of our program guidelines:

  • 15% down – 15 year amortization
  • 20% down – 20 year amortization
  • 25% down – 25 year amortization
  • No balloon
  • Credit score minimums apply

Mortgage Refinance: Maximizing Homeownership Benefits

Texas Farm Credit recognizes the importance of maximizing the benefits of homeownership. Refinance your mortgage with us to lower monthly payments, choose a shorter term, or tap into the equity you’ve built in your home through a cash-out refinance. Our mortgage refinancing features competitive rates, terms up to 30 years, no acreage restrictions, and allowing you to retain your ag exemption, all empowering you to make the most of your investment in rural Texas.

Traditional Mortgage: A Common Thread in Homeownership

For those seeking a more traditional path to homeownership, Texas Farm Credit offers the Conventional Loan Program. Ideal for primary residences, second homes, or investment properties with a more conventional nature, this program simplifies the mortgage process. Enjoy competitive rates, terms up to 30 years, and the flexibility to finance properties in both rural and urban settings. Texas Farm Credit’s Conventional Loan Program is designed to meet the needs of a wide spectrum of prospective homeowners.

Overall Home Loan Benefits

  • Competitive fixed and adjustable rates
  • Terms up to 30 years
  • No acreage restrictions
  • Retain ag exemptions
  • Financing for manufactured and metal homes

We stand as a beacon for those seeking to make the transition to rural living in Texas. With a suite of mortgage products tailored to diverse needs, Texas Farm Credit not only finances homes but also nurtures the dreams of country living. Whether it’s the simplicity of a one-time close construction loan, the flexibility of refinancing, or aiding you in your future property purchase, we are committed to making rural homeownership accessible and rewarding.

Headshot of Loan Officer Jenny Zagst

About the AuthorJenny Zagst

Jenny Zagst joined the team in August 2012 as a charter member of the Texas Farm Credit Mortgage Division. With an extensive traditional real estate background, she can appreciate Texas Farm Credit’s unique ability to finance homes on acreage. Jenny enjoys horseback riding, hunting, fishing and being outdoors. As Tyler, Texas natives, she and her husband enjoy raising their son and daughter in the heart of East Texas.