Jul 09
27
Using an Arizona USDA Guaranteed Rural Home Loan allow you to buy a home in ANY County of Arizona with Zero Down payment. That means, the money you save on your down payment by using a USDA Rural Home Loan instead of conventional or FHA Home Loan financing will stay in your bank account, for your family.
QUESTION: What is the maximum Arizona USDA Rural Home Loan size?
ANSWER: There is not a set maximum loan size for USDA Rural Guaranteed Home Loans.
EXPLANATION: The USDA Rural Home Loan size you qualify for is determined by your USDA Repayment Income. As a BASIC rule; the USDA generally likes to see that no more than 29% of your gross income goes to your new house payment and that generally no more than 41% of your gross income goes to your total outstanding credit obligations, including your new USDA Rural Home Loan.
We all know “RULES ARE MEANT TO BE BROKEN!”
Apply for a USDA Loan Online Now: Loan Application
Well qualified buyers using the Arizona USDA Rural Development Home Loan may qualify allowing up to 49.95% of gross income going toward total monthly credit obligations (including the new USDA Rural Home Loan).
In a future post, I’ll create a worksheet to help you determine the maximum loan amount you might qualify for the Arizona USDA Rural Home Loan.
To find out how much you qualify for today, click on the Get Started on USDA tab above.
Apply online for a USDA Rural Guaranteed Home Loan and get pre-qualified today.
