Terrell is USDA-eligible — which means qualified buyers can purchase a home here with zero down payment. I'm Bond Peter Njoku (NMLS #2670329), and I help Terrell buyers navigate USDA loans, FHA, and VA financing for the best possible outcome.
Terrell sits in Kaufman County, east of Dallas — far enough from the metro core to qualify for USDA Rural Development financing, close enough to still access DFW jobs and amenities. Home prices here are lower than many DFW suburbs, and with USDA's 100% financing you may not need any down payment at all.
~$250,000
Terrell is one of the most affordable entry points in the DFW metro — and much of the city is USDA-eligible, meaning $0 down for qualified buyers.
$563,500
Most Terrell homes are well under this limit. Both FHA (3.5% down) and USDA ($0 down) are available here depending on the property address.
~1.7%
On a $230K home that's ~$326/mo in escrow. I factor the real tax rate into every pre-approval I run.
Terrell's USDA eligibility makes it one of DFW's best kept secrets for first-time buyers — $0 down, no monthly PMI, competitive rates. TSAHC and TDHCA also apply if USDA doesn't fit your income.
| Program | Amount | Type | Income limit (Kaufman County) | FTHB only? |
|---|---|---|---|---|
| USDA Rural Development | 100% financing | No down payment needed | $139,300 (1–4 person) | No |
| TSAHC Home Sweet Texas | 3–5% of loan | Grant — no repayment | 115% AMI | No |
| TDHCA My First Texas Home | Up to 5% of loan | Deferred, forgiven yr 3 | ~$97,200 | Yes (or veteran) |
USDA estimate at 7.0% 30-yr fixed, $0 down, 1% upfront guarantee fee rolled in, 0.35%/yr annual fee. Includes ~1.7% Kaufman County property tax and insurance. FHA option also available. Call 469-545-7180 for your actual numbers.
| USDA Example | Details |
|---|---|
| Home price | $230,000 |
| Down payment | $0 (100% financing) |
| USDA guarantee fee | 1% of loan ($2,300) — can be rolled into loan |
| Annual MIP | 0.35%/yr (~$67/month) |
| Household income limit | ~$139,300 (1–4 members) · ~$183,900 (5–8 members) |
| Credit score | Typically 640+ for automated approval |
| Eligibility check | Address must be on the USDA eligibility map |
Estimates only. Actual rates and fees vary. I always verify the specific property address before starting a USDA application.
$0 down, 100% financing. Terrell is USDA-eligible — this is the flagship option here.
Read more580+ credit, 3.5% down. A strong backup if you exceed USDA income limits.
Read more$0 down for eligible veterans. No monthly MIP, competitive rates.
Read more620+ credit. No PMI once you hit 20% equity — good for move-up buyers.
Read moreLower your rate or pull cash out of your Terrell home's equity.
Read moreTSAHC and TDHCA programs available even in Kaufman County.
Read more