Arizona USDA Rural Home Loan Program

The Arizona USDA loan program offers advantages over other loan programs – if the house that you are considering buying meets the location requirements for the USDA program. You can see if the property that you are considering meets the Arizona USDA loan requirements by checking the USDA loan eligibility database.

Arizona USDA Loan Program Highlights:

• Truly a 100% home loan
• No down payment required
• No up front or monthly mortgage insurance
• No cash reserve requirements
• Officially – no minimum credit score – unofficially – need at least a 620 credit score
• No loan limits
• Down payment assistance (if it ever comes back) is okay
• Can finance up to 102% of the appraised value of the home
• Seller concessions are allowed (seller can pay the closing costs)
• Rates are usually about the same as FHA loans

To find out if the USDA loan program can help you get into a house with no money down, call us directly at 480.374.0303.