Apr 11
25
USDA Loan – Areas in NW Tucson and Oro Valley
People are asking me all the time if there are any areas of NW Tucson that qualify for the USDA Loan. The good news is that any real estate North of Tangerine Road is in a USDA qualifying area. While there are some high priced homes in this area, you will be amazed at the number of homes that do qualify for the USDA Loan.
This allows people who are looking to buy in this area to be able to take advantage of the low rates offered by the USDA Loan program as well as buy a home with absolutely zero down payment and lower monthly payments than a similar FHA Loan. One neat plus with the USDA Loan is that we structure them so that you get your Earnest Money Deposit back at closing.
So instead of going to closing and writing a big fat check, we strive to structure the loan so that you get a big fat check when you close. Be sure to ask me about this when you put in your application.
Other advantages of the USDA Loan include:
- No down payment
- No monthly mortgage insurance like FHA or Conventional loans
- Lower payments than FHA or Conventional
- Low closing costs
- Seller can pay your closing costs
- Fast closing
- Get your Earnest Money Deposit back at closing
Apply for a USDA Loan Online Now: Loan Application
So if you are looking for a home in the following areas:
- Dove Mountain
- Honey Bee Canyon Estates
- Rancho Vistoso
- Chaparral Acres (in Catalina)
- Somerset Canyon
- Butterfly Mountain
- Saguaro Ranch
- Black Horse Ranch (in Catalina)
- Tangerine Crossing
- Heritage Highlands
or any of the other areas North of Tangerine Road in Oro Valley, then you should be able to take advantage of the USDA Loan to buy your next home.
I hope you found this Arizona Home Loan tip useful and please, leave a comment below.
To find out if you qualify for a USDA Loan call (520) 225-0380 or click on the Get Started on USDA tab above and ask a question if you like. If you are ready to go ahead and get your application in, you can print out my Arizona USDA Loan Application here.
