We’re starting a new category on the USDA Rural Home Loans website. It’s USDA Home Loan Success Stories. I hope you enjoy hearing about how the Rural Development USDA Loan has positively impacted so many families here in Arizona.  So let’s take a look at the first installment of… (drum roll please…)

USDA Home Loan Success Stories

An Arizona First Time Home Buyer with high debt to income ratios obtains an Arizona Rural Development USDA Home Loan.  Truly a wonderful ending to this one.

Kathy is a single mom working hard to find a great home where she could raise her two girls.  She had been working with a loan officer who offered an FHA Mortgage Loan pre-approval.  But the loan officer made one critical mistake and did not correctly calculate her income.  So instead of qualifying for the home, she was about to lose it. He told her she was turned down for her FHA Mortgage Loan application.

So Kathy was not about to quit, and she went online to look for an Arizona Mortgage Loan Expert.  That’s when she found us and I asked her some simple questions and saw why the other mortgage loan originator miscalculated the income.  It was obvious that although FHA Mortgage Loan financing can sometimes stretch debt ratios, this would stretch them too far.  Mostly due to some child support issues and the additional monthly mortgage insurance.

So I asked her if it would offend her to look at a USDA Home Loan (sometimes people have a misconception that USDA Loans must be used to buy farms).  I showed Kathy how a USDA Home Loan always has a SUBSTANTIALLY lower monthly payment than a similar FHA Mortgage Loan.  She was shocked and could finally see the light and the fact that she had a chance to really own this home.

We gathered all the appropriate documentation.  I asked Kathy to personally write a letter addressed to the underwriter explaining why she deserved this home for herself and her two girls.  It was touching and compelling.

About 7 days latter I received the USDA Loan Approval from the underwriter.  Guess who I called first.

Shortly after that call, Kathy closed on her loan and was in tears because her dream of having a home for her two girls had come true.

The next question I had for her was… “And don’t forget, you have the $8,000 First Time Home Buyer Tax Credit that you qualify for now!”

Another super satisfied client.  Another USDA Home Loan Success Story.

Do you know who will be our next USDA Home Loan Success Story?  To find out how much you qualify for today, click on the Get Started tab above or click here.

Apply online for a USDA Rural Guaranteed Home Loan and get pre-qualified today.

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