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Top Tips for First-Time Rural Homebuyers

Author: Capital Farm Credit

Posted on: 9/16/25

Home Lending Loans Thought Leadership

Understand your loan options

At Capital Farm Credit we offer a variety of loan products to meet your individual needs for buying a first-time home or homesite. Here are the most popular loan products we offer:

  • Home Purchase Loans: Finance your dream home.
  • Rural Homesite Loans: Finance the perfect place to build.
  • Construction Loans: From foundation to finish, we bring your plan to life.
  • Second Home & Investment Property Loans: Expand your real estate goals.
  • USDA Loans (FHA, VA, and USDA): Government-backed loan options built for you.
  • Traditional Mortgages (Inside City Limits): Yes, we do these too!

Know what you can afford

  • This includes not just the mortgage, but also property taxes, insurance, utilities, and maintenance.
  • Use our Loan Payment Calculator loan to estimate your monthly payment.

Review your credit health

  • A higher credit score can lower your interest rate.
  • Check your score and clean up any issues before applying.

Build up your savings

Don’t forget, you’ll need funds for:

  • Closing costs
  • Moving expenses
  • Emergency repairs
  • Property improvements if needed

Check Property Utilities

  • Rural homes often rely on well water, septic systems and propane heating.

Understand zoning and land use

  • Make sure the property is zoned for your intended use (e.g., farming, livestock).
  • Some rural areas have restrictions on building or division of land.

Connect with a Home Loan Specialist

At Capital Farm Credit we have relationship agents who specialize in rural home purchases. We understand the unique challenges of rural real estate and are ready to help you achieve your goals to own rural property. Locate an office here!

Preparing for Loan Documents

  • Gather the following for a smooth process:
  • W-2s or tax returns
  • Bank statements
  • Proof of employment
  • Debt-to-income ratio documentation

Whether you’re a first-time homebuyer or a seasoned property owner in Texas, Capital Farm Credit is ready to turn your vision into a reality. Let’s get started!