USDA Loans – 100% Financing
The USDA loan is one of the best loan programs out there today. It typically offers the most benefits, competitive rates and the lowest monthly payment. Once you are qualified for a USDA loan you have to find a home that is in a USDA eligible area. Click here for a map of the available USDA areas. For us located in the Phoenix valley there are plenty of places that are a commutable distance away.
USDA Loan Benefits:
- No monthly mortgage insurance
- No maximum loan amounts
- True 100% financing with no minimum investment
- No reserve required
- Up to 6% seller concessions
- Competitive rates. (usually about the same as FHA)
- 620 credit score required.
Another benefit of the USDA loan combined with the power of Academy Mortgage is that we can close your loan in just ten days!
Most other companies (and even USDA themselves) typically quote 30-60 days for closing a USDA loan.
You can imagine when sellers are evaluating multiple offers for consideration having short closing dates makes your offer look much more attractive. Often times investors/sellers may even take a lower offer with a shorter time frame for closing. USDA loans offer great options in Arizona. If for some reason you find that a USDA loan isn’t for you, you can still take advantage of our great FHA loan programs in the Phoenix AZ metropolitan area.
For more information please give me a call or shoot me an email.
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Arizona USDA Loans
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on Feb 26th, 2010 at 12:51 am
Thank you for all the great posts from last year! I look forward to reading your blog, because they are always full of information that I can put to use. Thank you again, and God bless you in 2010.
on Jun 30th, 2010 at 6:30 am
[...] I called Cindy and left her a message. I wanted to tell her about a commercial that I heard about USDA loans. Cindy called to thank me for giving her the phone number. She said as soon as her husband got home [...]