Pinal County Down Payment Assistance
Call Us Toll Free for USDA Loans, Pinal County Down Payment Assistance
Find Out If You Are Eligible for Maricopa County Down Payment Assistance

USDA Loans Arizona

Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.

Eligibility: Applicants for loans may have an income of up to 115% of the median income for the area. Area income limits for this program are here. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.

Approved lenders under the Single Family Housing Guaranteed Loan program include:

  • Any State housing agency
  • Lenders approved by:
    • HUD for submission of applications for Federal Housing Mortgage Insurance or as an issuer of Ginnie Mae mortgage backed securities
    • the U.S. Veterans Administration as a qualified mortgagee
    • Fannie Mae for participation in family mortgage loans
    • Freddie Mac for participation in family mortgage loans
  • Any FCS (Farm Credit System) institution with direct lending authority
  • Any lender participating in other USDA Rural Development and/or Farm Service Agency guaranteed loan programs

Terms: Loans are for 30 years. The promissory note interest rate is set by the lender.

There is no required down payment. The lender must also determine repayment feasibility, using ratios of repayment (gross) income to PITI and to total family debt.

Standards: Under the Section 502 program, housing must be modest in size, design, and cost. Houses constructed, purchased, or rehabilitated must meet the voluntary national model building code adopted by the state and HCFP thermal and site standards. New Manufactured housing must be permanently installed and meet the HUD Manufactured Housing Construction and Safety Standards and HCFP thermal and site standards. Existing manufactured housing will not be guaranteed unless it is already financed with an HCFP direct or guaranteed loan or it is Real Estate Owned (REO) formerly secured by an HCFP direct or guaranteed loan.

For details, please contact us here.

$100 Down FHA Mortgage
Maricopa County, Pinal County, Arizona

Home Buyer Tax Credit for ArizonansNew $100 down payment FHA & HUD home buyer incentives makes homeownership more affordable.

Learn More»
FHA 203k Arizona
Maricopa County, Pinal County, Arizona
FHA 203k Rehabilitation Loan The FHA 203k mortgage can be used for the rehabilitation and repair of 1-4 Family, owner occupied, properties.

Learn More»
Arizona First Time Home Buyers
Maricopa County, Pinal County, Arizona
First Time Home Buyer Arizona Did you know there are still some great mortgage programs available to first time home buyers?

Learn More»
Are you looking for Pinal County Down Payment Assistance, Maricopa County Down Payment Assistance, $100 Down FHA Mortgages, USDA Mortgage Loans or FHA 203k Rehab Loans in Gold Canyon, GLENDALE, AVONDALE, SURPRISE, PEORIA, BUCKEYE, GILBERT, MESA, TEMPE, PHOENIX, CASA GRANDE, ELOY, COOLIDGE, FLORENCE, QUEEN CREEK, ARIZONA CITY, MARICOPA or APACHE JUNCTION? Are you buying new construction, but are not convinced that the builder's lender offers the best rates and terms? Are you purchasing an existing home, but don't know where to turn for competitive or flexible financing? Whether you have a large down payment, no down payment - 100% financing, $100 Down, or Government Loans such as an FHA Loan or VA Loan, First-time Homebuyer loan program, or even a down payment assistance mortgage program, our online informational resource may be of help to you even though we cannot order credit reports nor can we quote interest rates as we are not a lender.

Refinancing your mortgage for your Arizona residence or second home - vacation home? You may be able to refinance your home and use the equity in it to pay off credit card debt, remodel - make home improvements or pay college tuition for your child's education.

Learn more about USDA Loans, Pinal County USDA Loans, Maricopa County USDA Loans, Arizona USDA Loans, Pinal County Down Payment Assistance, Pinal County Bond Programs, Maricopa County Down Payment Assistance, FHA Loans Arizona, VA Loans Arizona, and other home loan mortgage programs across Arizona cities including Casa Grande, Florence, Coolidge, Arizona City, Maricopa, Phoenix, Chandler, Gilbert, Mesa, Tempe, Peoria, Glendale and Guadalupe, AZ.

Ways to Save Money Going Green