USDA Loans in Arizona


By Joseph Small

Buying in Arizona with a USDA Loan

USDA loan TucsonTucson, AZ – Most people in Arizona think of beef when they hear the words USDA. But did you know that the US Department of Agriculture also has home loan programs available? It is true.. if you meet the qualifications, you can purchase a home with a USDA Rural Development loan. USDA Loan Income Eligibility

A USDA Rural Development Home Loan
is a mortgage loan that is insured by the USDA. Backed by the US Department of Agriculture, these no money down, fixed interest rate loans are helping many homebuyers in Arizona realize their dreams of home ownership. Although there are some restrictions, and some cities such as Tucson and Phoenix Arizona that may not be in a qualified area, USDA loans are available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by the USDA. Click to check the USDA Loan Eligibility

Benefits of USDA Loans in Arizona

  • 100% Financing – you can purchase a home in Arizona with no money down. In some cases, you can even finance your closing costs.
  • You can refinance your home up to 100% of the appraised value.
  • USDA loans are usually easier to get because the Government insures the loan so that there is much less risk to the lender then other types of mortgages.
  • They can be used for Existing Homes, Foreclosures or New Construction.
  • Simple Loan Process.
  • No Loan Limit. No Acreage Limit.
  • There is No Prepayment Penalty.
  • You can use the loan to repair or add onto your existing home.
  • Flexible Credit Requirements.
  • Who is eligible for a USDA Loan in Arizona?

    Generally, USDA home loans are available to anyone in Arizona that meet the minimum credit guidelines and local area income requirements and is considering purchasing a home or refinancing their existing home in an area that is not considered a major metropolitan area by USDA, such as Tucson or Phoenix. However the areas surrounding these cities might be eligible. Check the map: USDA Arizona Loan Eligibility

    Common Misconceptions of USDA Loans:

  • They are just for farmers – USDA Loans are not “just for farmers”. Over the years, millions of people from all walks of life have purchased their home through this government loan program.
  • FHA or Conventional Loans are better – Sometimes a USDA Loan may offer better terms than an FHA or conventional loans.
  • They aren’t flexible – Actually, USDA Home Loans can be used to buy a new home or refinance to a lower rate.
  • Only certain people can qualify – Anyone who meets the income and credit guidelines can qualify for a USDA Home Loan.
  • They are only for rural areas – Actually, USDA Loans are available in many areas that most people would not consider rural. For example, many small communities just outside of metropolitan areas like Tucson and Phoenix qualify as rural areas according to the US Department of Agriculture. You would be amazed.
  • They are harder to get than FHA or Conventional Loans – This just isn’t true.  In many cases USDA Loans are actually easier to get because the loans are guaranteed by the government.
  • Call Us Today –

    Tucson / S. Arizona: (520)303-5620 Phoenix / N. Arizona:(480)648-1733

    USDA mortgages in Arizona had been initially devised to assist families and households in rural areas, so that they own their homes. Arizona counties eligible for USDA loans – Select your county from the list below (Non-hyperlinked counties are all eligible):

    520-303-5620 (Tucson) or 480-788-9221 (Phoenix).

    USDA Rural Development Loan Program Resource: USDA Home Loan Program

    Note: All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice.

    By Joseph Small

    Joseph Small and his Team at Guild Mortgage Co. helps Tucson and Phoenix Homeowners with all their USDA home mortgage loan needs. Give them a call today! Also proudly serving Sierra Vista, Green Valley, Sahuarita and Nogales Arizona.
    Give them a call today! Maybe one day you too will say, “Joe’s My Lender!”

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