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Do you want to purchase a home in Hockley County, Texas? If so, you may be pleased to learn that the entire county is located in an eligible zone to qualify for the USDA rural development home loan.
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Hockley, TX USDA home loans or sometimes called rural development loans, are government-insured mortgages that help potential home buyers buy a home without a down payment. The Hockley, TX USDA home loan program was created in 1991. This program was designed to help aid potential home buyers obtain a mortgage with a decent rate in rural areas.
The limits for jumbo loans in Hockley, TX consist of $417,000 and $625,500. It is only in high cost areas that the $625,500 applies. For the most part, the interest rates for Hockley, TX jumbo loans are much higher than any other type of loan.
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