What is a USDA Home Mortgage Arizona?

If you’re shopping for a home, you’ve heard a lot of real estate terms floating around and you might not understand them all. Have you heard about the USDA Home Mortgage Arizona? At first glance, it may just seem like another fancy term for FHA or conventional home Mortgages, but it’s not! USDA Home Mortgage Arizona is completely unique and can truly work miracles for those looking to purchase a home. This is a great option for first time home buyers and offers 100% financing for people living in rural areas who are looking to purchase, refinance, or repair their home. Without having to rehash all the fine print of the Mortgage, the quick and easy details are outlined below.

USDA Home Mortgage Arizona Quick Facts

You’ll probably be happy to know that most of the area in Arizona you would consider to be “rural” qualifies for the Mortgage. So buying within that area is a must for the USDA home Mortgage Arizona. You’d be surprised to know that even parts of Anthem, Queen Creek, and Buckeye qualify. Don’t write this Mortgage off just because you think your area of interest may not be approved.

Probably the best part about the USDA Home Mortgage Arizona is that you don’t have to put ANY money down. That’s right! 100% financing on this bad boy! This is a perk of this Mortgage you likely won’t find anywhere else—especially with FHA and conventional Mortgages.

Don’t worry if your credit score is bad, either. You don’t have to be perfect to qualify for a USDA home Mortgage. We often accept credit scores of 620 and above, and depending on the situation, we can sometimes get the Mortgage processed for a person whose credit score might be down around 550. Another quick fact is that your income usually needs to be less than $76,000 in Arizona to qualify.