USDA Rural Housing Loans Are Still Available With the changes in the mortgage industry over the last several years, basically all but one 100% financing loan program have been eliminated. The current rate on the USDA loan is around 5.25% with NO monthly mortgage insurance. This gives a lower payment than the FHA loan with 3.5% down at the same loan amount and interest rate. Listed below … [Read more...]
100% Financing USDA Home Loans
The USDA home loan is definitely an underutilized loan in Arizona. We have many areas around Phoenix that are an easy commute to Phoenix. The biggest areas for USDA are Buckeye, Gilbert, Queen Creek and North Phoenix (including Anthem). Many people think you have to live in the sticks in order to get a USDA loan, but this is not true. Did you know that even Seville Golf and Country Club … [Read more...]