USDA Loan Program in Arizona

The USDA Rural Development loan program in Arizona has some advantages and disadvantages compared to going the route of an FHA mortgage or Conventional mortgage program. 

  • No Down Payment - Truly a 100% home loan
  • No Expensive Monthly Mortgage Insurance – Keeps your monthly payment low
  • No Cash Reserve Requirement
  • No Minimum Credit History Requirement
  • USDA 100% Financing in Arizona is a top choice among First Time Home Buyers
  • No Limitation to the purchase price
  • May finance up to 102% of the appraised value
  • Down Payment Assistance from non profits is acceptable
  • Repairs may be financed up to 100% of the “as is” value
  • No limits to the concessions the seller can make – seller paid closing costs
  • Rates are typically lower than FHA Home Loans or Conventional Mortgages

Some of the disadvantages of going with a USDA loan in Arizona are as followed:

  • No Existing manufactured homes
  • Home location is restricted to specific Rural areas
  • Homes with pools may not finance the value of the pool
  • Higher upfront mortgage insurance
  • Income restrictions specific to county and occupancy size

For More Details on USDA loans in Arizona click here.


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