USDA Mortgage Loans

Tucson USDA Loans

USDA loans in Tucson have become one of the most popular loan programs for properties that qualify for the USDA rural loan program. The USDA loan program is designed for properties that are “designated” rural – but when people think about “rural” they are often surprised to see that some homes that qualify for the USDA loan program aren’t really all that “rural” after all.

When FHA eliminated seller assisted down payment assistance with the FHA loan program, the USDA loan program has exploded in popularity. Some of the highlights of the USDA loan program include:

• No down payment – true 100% financing
• No monthly mortgage insurance
• No cash reserves required
• No asset limits: you may keep liquid cash savings and other investments
• Not just for first time homebuyers – anyone may qualify
• Loan up to 102% of the appraised value – the 2% guaranteed fee may be added to the loan amount regardless of appraised value.
• Competitive 30 year fixed interest rates

Tucson USDA Loans: What Properties Qualify?

The easiest way to see if a property qualifies for the USDA loan program is to check the USDA eligibility database. Although it is not 100% accurate 100% of the time – it is a great place to start the USDA loan qualification process. Search the USDA eligibility map now.

Many people have questions about the USDA loan program and if you have questions, we are happy to help you with the answers. Call our USDA home loan experts and we will be sure to get you the best possible answers in the fastest time.

We can also help get you qualified for a USDA loan on eligible properties – so you can move into your dream house and be sure that you have the best possible financing package! Call our USDA home loan experts now.