
Camden Homes has been building new homes in the Dallas area since 1998 in hopes of helping families fulfill the American dream of owning a house. Now 20 years later, we have homes all over the DFW and Houston area and
aim to expand our market area every year. One way we hope to help families move into our communities is with select $0 down loan programs that are available in some of our subdivisions.
When you decide to buy a house with Camden Homes, there are going to be selected subdivisions that will qualify for $0 down payment. This is made possible through a few different loan options. Depending on your area of interest and other factors, there will be three different loan option that- if approved, would give you a $0 down payment on your new home. The first of these loans is called the Federal Housing Administration, also known as the FHA loan with down payment assistance. Then there are the USDA and VA loans. So, the question is what are some ways you could qualify for one of these loans?
The Federal Housing Administration, better known as the FHA loan, provides mortgage loans by FHA approved lenders. The FHA is currently the largest insurer of residential mortgages that offer loans on single and multifamily homes. It is available in all of our communities and will require you to meet the minimum:
-A FICO score of at least 520.
– Have at least 3.5% down payment.
– Be able to repay mortgages set by the HUD guideline.
– Debt-to-income ratio less than 57%.
You can read more about the requirements and learn more details by visiting their website at https://texasfha.org

The second loan that is available for qualified buyers is the USDA loan. This is a mortgage loan that is available to people that are looking to purchase a home in select rural areas. They are issued by approved private lenders. The USDA loan is going to be the only loan that is not available in all our locations. Currently, the only Camden subdivisions that offer USDA loans are Camden Park in Farmersville and our community in Mabank, Texas. Some ways you could qualify for a USDA loan on your future home are:
– U.S. citizenship or permanent resident.
– A minimum credit score of 580.
– Stable income.
– Ability to repay mortgage
– Adjusted household income is equal to or less than 115% of the area’s median income.
– Property qualifies as a rural area.
Visit the USDA website to learn more about the requirements and
qualifications: https://www.usdaloans.com
VA loans are loans that are available for Texas Veterans through approved private lenders. Typically, VA loans will make it so that eligible Veterans will be able to make no down payment on the purchase of their new home while also receiving competitive interest rates. These loans are also available in all of our selected communities in the DFW and Houston area. Some ways to
qualify for this loan are:
– 181 days of Peacetime Active Duty Service.
– 91 Days of Wartime Active Duty Service.
– 6 Years of Reserves or National Guard Service.
– Your spouse served and was killed in the line of duty.
To learn more about the specific requirements read them here:
Click here for a list of our available homes!