Starting October 1st the USDA started to add mortgage insurance
to USDA Home Loans. For those buyers who wanted to obtain a
mortgage in Arizona using an USDA Home Loan this is still a great
Still ZERO DOWN, 30 yr Fixed Rate, No Pre-payment Penalty, and
But I encourage everyone to check the USDA website
Eligibilty Map to view boundaries, very easy to use.
To read more great highlights on a USDA Mortgage in Arizona, click
here to view my latest update.
Feel free to call me with any mortgage questions you have.
Enjoy the cool fall weather this weekend!
USDA Updates Eligibility Boundaries for
USDA Rural loans have been an extraordinary mortgage tool for
many cash strapped Arizona buyers by offering 100% financing with
NO monthly Mortgage Insurance. The USDA has recently updated
their boundaries for homes eligible for Rural mortgage
financing. The following USDA website allows you to view an
Arizona map and determine specific property eligibility within the
Arizona market. The map is very user friendly allowing you to
zoom right in to view exact street locations.
As a whole, most of Maricopa County is ineligible for rural
financing with the exception of Buckeye and certain parts of
Anthem. Most of Pinal County is eligible. All of San
Tan Valley and the Pinal County portion of Queen Creek are
If you have a buyer interested in rural financing, I encourage
you to visit the USDA website and call me and I can assist you in
determining an eligible Arizona property.
I've listed a few reminders of the mortgage program on my weekly
newsletter post along with a couple of contract writing tips
now that the new AAR Contract has been released.
Feel free to contact me with any questions you have about this
wonderful ZERO down mortgage program!
80 degrees in the forecast! I hope you have the opportunity to
get outdoors and enjoy the beautiful weekend ahead.