USDA Rural Home Loans for Arizona

What’s the best USDA Rural Home Loan, the Guaranteed USDA Rural Home Loan or the USDA Direct Loan? It’s important to note that the USDA Rural Home Loan is gaining enormous popularity in Arizona.  Primarily because it allows home buyers in qualifying areas to purchase a home with absolutely zero down payment and without the [...]

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 [...]

USDA Rural Home Loans offer many advantages over either FHA Mortgage Loans or Conventional Home Loans.  Here is a brief summary of advantages of the USDA Rural Home Loan. No Down Payment – Truly a 100% home loan No Expensive Mortgage Insurance – Keeps your monthly payment low No Cash Reserve Requirement No Minimum Credit [...]

You heard it correctly.  The USDA Rural Development Home Loan Funds have been exhausted.  The demand for USDA Rural Development Home Loans is at an all time high. The good news is that USDA Rural Home Loans will continue to be underwritten. The even better news is that we will continue to fund USDA Rural [...]

USDA Rural Home Loan qualifying uses two different income types to determine qualification for the USDA Rural Home Loan. In the previous post we discussed Adjusted Household Income and in this post we will discuss what the USDA Rural Home Loan qualifies as Repayment Income. The USDA considers Gross Income and Repayment Income as the [...]

The USDA does indeed set income limitations for qualifying for the USDA Rural Home Loan, but a little known fact is that most folks have “adjustments” to their income that will help them to qualify for the USDA Rural Development Home Loan. The USDA will Review two types of income for qualifying for the USDA [...]

There is no written minimum credit score requirement to qualify for a USDA Rural Home Loan.  However, many investors who fund the USDA Rural Home Loans have a minimum requirement of 620 middle credit score.  This simply means that the USDA Rural Home Loan allows for a little variance in the credit score to qualify. [...]

Our USDA Rural Home Loan will save you a truck load of cash and help you keep your money in your own bank account after closing… Here’s a quick comparison of the USDA Rural Home Loan and an FHA Mortgage Loan. How Much Can Be Financed? 102% of the APPRAISED value! (finance up to $153,000 in [...]

I am often asked “Paul, how much can I borrow with a USDA Rural Home Loan here in Arizona?” The answer for home buyers is “It Depends”. For a USDA Rural Home Loan it depends on your repayment ability and the appraised value of the home you are buying.  We’ll look at the ratio of your [...]

One of the best things about the UDSA Rural Real Estate Loan is that it allows people with low to moderate income to qualify to buy real estate in a rural designated area for zero down payment. Nothing Down… No money out of pocket at all to get a USDA Rural Real Estate Loan… well, [...]