Do you feel like you will never be able to afford a new home? Does it feel like an impossible dream? With the USDA Direct Loan Program, a new home might be possible!

Why it may work for you:

1. Lower credit scores are ok. Creditworthiness is evaluated but what is focused on is financial stability.

2. Competitive interest rates. Interest rates through the program are lower than regular market interest rates, making property more affordable.

3. Payment assistance may be available. For eligible buyers, payment subsidies help make monthly payments affordable. Based on your income, you may get help making your payment.

4. Low and very low income households encouraged to apply.

For Palo Pinto County, the 2024 income limit for a 4 person household was as follows:

very low income $39,650
low income $63,450
moderate income $112,450.

5. Up to 38 year mortgage.

If you would like more information about this program, please call or text Carolyn Shipp, REALTOR with Source 1 Real Estate at (940) 445-0006. I’m happy to answer any questions about the USDA Direct Loan Program and may be able to help you purchase one of Mineral Wells newly built homes.