The 2019 $0 down, federal home loan limit for Reagan County is $314,827.
Reagan County is located in central Texas. While it is large in terms of land size (total area 1,176 square miles) it is small in terms of number of people. The population of the county is only 3,370 and is very rural and secluded. The nearest sizable cities are Odessa and Midland to the northwest. The county seat is Big Lake.
Reagan County gets its name from John Henninger Reagan, a former U.S. Senator and U.S. Representative. The county was created at the turn of the 20th century. Prior to white settlements modern day Reagan County was inhabited by Paleo-Indian, Suma-Jumano, Comanche, and Kiowa Native Americans.
After being explored by the Spanish in the 17th century, the land was separated from Tom Green County following modern development in Texas. The territory was important in the early 20th century for a new railroad system. Then, in 1923 oil was discovered in the Permian Basin at the Big Lake Oilfield. The natural energy discovery led to an influx of migrants and later the establishment of Texon in 1926.
The Edwards Plateau dominates the landscape that is Reagan County and surrounding communities. Over 40 counties exist within the Edwards Plateau. The geographic region is known for serving as the crossroads between central, west, and south Texas. San Angelo, which is directly east of Reagan County is among the highlights of Edwards Plateau in addition to San Antonio and Austin. The Edwards Plateau region of Texas also includes the Balcones Fault (to the east and south), Pecos River and Chihuahuan Desert (to the west), and Llano Uplift and Llano Estacado (to the north).
People that relocate to Reagan County are often escaping the busier city life prevalent to the east. Austin, Dallas, Fort Worth, and San Antonio are all within a day’s drive from Reagan though the area is drastically different from the busier south central portion of Texas. Despite its rural nature the county is not heavily used for agriculture. In fact, in the 1980s less than one percent of the county was considered “prime farmland”. The vegetation is made up primarily of mesquite savanna, aside from the southeastern portion of Reagan County which consists more of juniper, live oak, and shinnery.
Though the land suffers for prime agriculture growth it is rich in natural resources. In addition to oil and gas, limestone, salt, sulfur, and caliche are also extracted from the territory. Dust storms are common in the region where the average annual rainfall is just sixteen inches. Though temperatures are pleasant for those that prefer mild winters with an average annual temperature of just 66 degrees.
Big Lake is the largest community in Reagan County with the population from the 2010 census reported at nearly 3,000 people. Big Lake is named after a dry lake that exists atop the divide between the Colorado River and the Rio Grande River. The dry lake is situated just a couple miles away from the city and sometimes contains water during high runoff seasons. Its historical significance as a source for food and water since prehistoric times is important.
Big Lake is an important ranching community and place for oil extraction in central Texas. It is primarily serviced by U.S. Highway 67. Public education is managed through the Reagan County Independent School District.
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Reagan County Loan Limits
FHA Loan Limits
USDA Loan Limit
Very Low Income: $38,400
Low Income: $61,450
Mod. Income Guar Loan: $88,350
USDA Eligible zip codes in Reagan County are: 76932
Contact FedHome Loan Centers at 877-432-5626 for more information and to confirm eligibility.