Showing posts with label USDA Home Loan Arizona. Show all posts

Thursday, June 26, 2014

USDA Home Loans are Available for May Parts of Arizona

Arizona USDA Home Loan: What is all the hype about?

There has been a lot of talk about Arizona USDA Home Loan lately. Is this something that I should be looking into? Why would this be a good option for me?

An Arizona USDA Home Loan is a great option that you most definitely should be looking into! While it may not work for some people because it does have more restrictions and requirements than many other loans, the additional benefits far outweigh the little extra hassle. Let me help you get started by sharing some vital information on the Arizona USDA Home Loan.

Arizona USDA Home Loan has some pretty great numbers that are incredibly hard to find in a loan, especially in this current climate. This loan has completely 100% financing! That means no down payment for you! If you are also looking for a loan with low interest rates, the Arizona USDA Home Loan has some of the lowest in the nation, beating other loans by almost a whole percentage point! Those interest rates are fixed, too. And if you are wondering how much you can borrow, than it will be good news to you that there is no umbrella with this loan!
You may be wondering about those restrictions I mentioned. Well, to qualify for an Arizona USDA Home Loan, you will need to be purchasing a home in the acceptable footprint, a set of boundaries that the USDA says is considered rural. You also must make less than 115% of the county’s median income.
And another important thing to remember is that even though you are under the required limit of 115% of the median county’s income is that the Arizona USDA Home loan is just that: a loan. They want to be quite sure you have the ability to pay it back. Most people are asked to show their finances for the last two years, show that they have a good history of paying bills on time and have a current steady income. Even if you have had to file for bankruptcy, if you can show that you have had a good credit history for the last two years you may still qualify! If you had a Chapter 7 bankruptcy then you will then need to wait at least three years before you can apply. If you filed a Chapter 13 bankruptcy and have made all the payments on time for a minimum period of at least one year, then you might be eligible to apply for a USDA loan with the court’s permission. Either bankruptcy will also require that good credit has been re-established with no late payments.
One last requirement for the Arizona USDA Home Loan is that the home (or property) you wish to purchase must be for an actual home. You cannot get this loan for investment opportunities, such as developing properties to sell. You and your family must plan to reside in it almost immediately. The USDA wants home owners in its rural communities, not necessarily developers.

Why does the Arizona USDA home Loan exist?

The Arizona USDA Home Loan is for the improvement of rural areas. In order to qualify for this loan, the home or property that you want to buy or improve has to be in the correct area. These areas are mapped out by the United States Department of Agriculture. Be sure to look at the footprint on their website. It shows all the areas that the Arizona USDA Home Loan works in. And even if you do not want to live in a rural area, check anyway! You may be surprised what is considered to be rural. A few examples of acceptable areas in the wonderful state of Arizona include Sahurita or Green Valley, two wonderful communities just outside of Tucson.

Why is the Arizona USDA Home Loan only interested in rural areas? Why does the USDA care about home loans?

The Arizona USDA Home Loan is a government insured loan, meaning that the government will make sure the banks don’t lose money. It is referred to as the USDA Rural Development loan. The reason it exists is to provide low-cost mortgages in small town communities and rural areas. These loans are available to farmers and home buyers. The USDA just wants to bring a little more stability to rural communities by providing home owners who are more interested in building their community. This is all part of an initiative to make sure that rural counties are benefiting more from solid citizens who have the opportunity to buy instead of rent.

If you are still hesitant, make sure you speak to a lender who can answer your questions. While this may not be right for everyone, it is a wonderful way to realize your dreams of home ownership. Take the chance, and ask about the Arizona USDA Home Loan today!

Arizona Home Loan

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel: (623) 582-4444 | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Thursday, May 8, 2014

Are you interested in a USDA Home Loan Arizona?

: Arizona Home Loan

The USDA Home Loans Arizona is especially for those people who live on rural land in conditions that are not all that desirable. Some dwellings may have a lack of necessary repairs and there might even be some desperate health concerns. If you are just getting by in a home that make you nervous just to live there, then you definitely should check out the USDA Home Loan Arizona ! Let me name some key concerns that this loan can help you with! If you have fire concerns with electric wiring, poor plumbing, bad water or limited quantities of water, poor structural quality, and even invasive pests, then check out the USDA Home Loan Arizona!

If you have problems with your residence that are not really safety concerns but more along the lines of bringing your home to a reasonable modern level, the USDA Home Loan Arizona can help you bring it up to a comfortable standard.

Am I Qualified for an USDA Home Loan Arizona?

The applicant must live in a rural area. And not all rural areas are created equal. It must

: Arizona Mortgage Broker,

be an area that the USDA approves of in the designated “footprint.” This is a boundary outlines the accepted rural developments. These boundaries have been known to change, so it is important to check before you apply for a USDA Home Loan Arizona.

: Arizona Mortgage Broker

There are a few other things that we need to do to qualify for a USDA Home Loan Arizona. The family that is applying must be without adequate housing. What is adequate housing you may ask? Sufficient housing is safe with reasonable comfortable levels and without any health hazards.

There are also income limits. These also vary depending on the county. But if you are over the limit with the entire household income, make sure you check out the deductions. These may put you back under so that you qualify.

If you have these things than you may qualify for a USDA Home Loan Arizona.

: Arizona Home Loan, Mortgage Broker

Tuesday, May 6, 2014

Am I Qualified for an USDA Home Loan Arizona? Yes you are!

: Need a Bigger Home

There are many things that you must have in order to be able to get a USDA Home Loan Arizona. The family that is applying must be without sufficient housing. Sufficient housing is safe with reasonable comfortable levels and without any health hazards. The applicant must reside in a rural development. Not only a rural development but an area that is in the approved “footprint” as designated by the USDA. These boundaries do change sometimes, so it is important to check before you apply for a USDA Home Loan Arizona. There are also income limits. These also vary depending on the county. And all incomes in the house are used to determine the income for the house whether or not they are going to be paid toward the loan. But if you are over the limit with the entire household income, make sure you check out the deductions. These may put you back under so that you qualify.

Why Might I need a USDA Home Loan Arizona?

If you are unable to make important repairs to your property and the matter is becoming a safety hazard then you might need a USDA Home Loan Arizona. These USDA home loans Arizona are meant to help people who reside in a dwelling were it is becoming unsafe to live, whether through a lack of necessary repairs such as bad structure, or health concerns that include, but are not limited to, bad plumbing, poor water quality and supply or pest control problems.

Not just safety is considered, but so is comfort. If your dwelling is ridiculously under-modernized than you might look into a USDA Home Loan Arizona. You will not receive the funds to make your rural home a hot spot or a Countrified Ritz, but if you need necessary repairs then this is the loan for you!

: Loan Officer Level 4 Funding

Thursday, May 1, 2014

Do You Know What an USDA Home Loan Is?

: Arizona Mortgage Broker Home Loan

Are you looking for change? The kind of change that only comes with a big move to a smaller town? Then it might be time for you to look into USDA Home Loans Arizona. This is a great time to look into what you could do for your family even if you may not have the kind of credit score that would ever get you points at a traditional bank.

But why would you need an USDA Home Loan Arizona? Are you thinking about relocating or moving to a smaller neck of the woods? While USDA Home Loans Arizona used to mean rural, ‘rural’ itself has had a bit of a definition change by the USDA, so you can still live in a great area of your choice.

USDA Home Loans Arizona are the perfect way to get the home that you and your family can grow old in for decades without, sorry for the pun, breaking the bank. That’s because USDA Home Loans Arizona are specifically made for people who have a difficult time getting the funding that they need. However, if you even barely qualify for an USDA Home Loan Arizona, then you will get all the benefits that comes with it, such as no worries when it comes to having bad credit.

Moreover, you don’t have to have a down payment with your USDA Home Loan Arizona because the agency is all about helping people, so you will see a lot of perks when it comes to getting your USDA Home Loan Arizona. You will find there is a lot less to worry about than there would be if you went through a traditional bank loan system.

Have some faith and take a look into USDA Home Loans Arizona for your new relocation and you might see there’s a world of possibilities out there for you that you can take advantage of.

: Loan Officer Level 4 Funding

What is a Arizona USDA Home Loan?

Do you know what kind of loan might make you feel the most at home in your new house? It’s time to start asking questions about USDA Home Loans Arizona.

Do you know what USDA Home Loans

Arizona are? Let’s take a good look!

For one, USDA Home Loans Arizona are there to help you get the home you want in a new area outside of the city. This doesn’t mean moving away from civilization, it might means moving to a quieter part of the city. The program began in 1991 as a way to help families as they moved from the city to quieter locations and now it is being used to help families in much

: Arizona Home Loan FHA USDA Specialists

the same way, though recently the definition of rural changed to include larger areas.

Additionally USDA Home Loans Arizona do not require you to have the credit score that most traditional bank loans require you to have. That’s because USDA Home Loans Arizona are here to help people, unlike most bank loans for mortgages that really crack down on eligibility because banks are always afraid to lend money to those who need it to the most in order to help them out monetarily as well as help them build credit. That’s not a problem with USDA Home Loans Arizona.

Moreover, note that your down payment is not required when you qualify for your USDA Home Loans Arizona.

This makes for a much easier purchasing experience. Consider the opportunities that await you when you seek out an USDA Home Loans Arizona. You could get the home you always wanted at a rate you can love. Don’t hesitate to make the switch to a non-traditional loan today and get into the house you want faster than you ever thought possible.

: Arizona Home Loan, Mortgage Broker

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