Skip to content
Contact us
ReviewsAboutLoan officersApplyWhere we lendAreas we serveQuestions
Call (480) 297-8855

Loan

USDA loans in Arizona

For homes in eligible rural and suburban areas, with household income limits.

Ask about this loanHow applying works

What it is

How it works

A USDA loan is backed by the Department of Agriculture for homes outside larger cities. We check whether the address and your household income are eligible before you fall for a house.

Who it fits

  • Buyers of a home in an area USDA marks as eligible, mostly rural and some suburban.
  • Households whose income is under USDA's limit for the area.
  • Buyers who will live in the home as their main home.

Key facts

Good to know

  • USDA guaranteed loans are made by private lenders and backed by the U.S. Department of Agriculture's Rural Development program.
  • USDA's eligibility map shows which addresses qualify. We check the address before you make an offer.
  • The income limit counts everyone in the household, not just the people on the loan.
  • There is no set loan amount limit. The income limit and what you can repay set the amount.

Calculator

Estimate a payment

You choose every number. The weekly average is a starting point, not a quote.

Payment

Move any number. The math runs on this device and nothing is sent.

$

U.S. average the week of Nov 5. Not a quote.

Term

USDA's guarantee fee: 1.00% of the loan up front, added to the loan, and 0.35% a year, paid monthly. The yearly fee shown is the first year's; it goes down as you pay the loan. USDA loans have no PMI.

$
$
$

Monthly payment

Type your down payment

Your monthly payment shows here once the price and down payment are in.

Loan amount
—
Down payment
—

This is an estimate, not a loan offer. A lender has to confirm it.

This is not a commitment to lend or lock a rate.

Rates change. Call us. (480) 297-8855

Costs and limits

What it costs

The kinds of costs, not amounts. Your Loan Estimate lists the numbers.

Costs to expect

  • An upfront guarantee fee, which can be added to the loan.
  • A yearly fee, paid monthly with your payment.
  • The usual closing costs. The seller can help with some of them.

Limits

  • The address must be in an eligible area.
  • Household income must be under the limit for the county and household size.
  • Only for a main home, not a rental or second home.

Compared

How it compares

Next to FHA loans in Arizona.

  • USDA is limited to eligible areas and household incomes. FHA works anywhere and has no income limit.
  • Both have an upfront fee and a yearly fee. USDA's yearly fee is usually smaller than FHA's yearly premium.
  • FHA allows homes with up to four units. USDA is for single homes.

Read about FHA loans in Arizona

The process

From first call to closing

  1. Talk

    A short call about your goals, your timeline, and the kind of home you want. Ask us anything.

  2. Apply

    You fill out the application online. It asks for your Social Security number and documents, and we give you a clear list of what to send.

  3. Compare

    We compare lenders for your loan and show you the options side by side, with the tradeoffs explained.

  4. Close

    We stay with you through appraisal, underwriting, and signing, and keep you posted at each step.

Questions

Questions about this loan

Not here? Call (480) 297-8855.

How do I know if a home is in a USDA area?

Send us the address. We check it on USDA's eligibility map, which changes from time to time.

Whose income counts toward the limit?

Everyone who lives in the home, even people who are not on the loan. Some costs, like child care, can lower the figure USDA uses.

Is USDA only for farms?

No. It is for homes in eligible areas, many of them in small towns and at the edges of larger ones.

Reviews

From a client

Read all reviews

Chance is someone you can trust from the begging to the end of the transaction. I'm grateful to have found him to help me with the purchase of my home. Chance answered all of my questions and concerns, in detail. Couldn't have done it with out him. Buying a home can be challenging in number of things from the seller, realtor, title, etc. Chance made it easy for me, to understand, trust and believe that I was making the right decision . Thank you Chance, from my daughter and I. Sincerely, Edith Peralta, MBA/CCC

Edith Peralta

Contact

Ask about this loan

Send a note and we’ll get back to you soon.

Hours
Monday–Friday: 8 AM – 6 PM
Saturday: By appointment

An email or a phone number is enough.

We use what you send here to reply to you. It goes to this business, not to advertisers. We'll only email you news if you tick the box.

Areas we serve

Where we lend nearby

Loans

Other loans

A short explanation of each. No rates here.