USDA Rural 102% loan available in Anthem Maricopa County Arizona for buying a home

October 1st, 2009 in General | 1 Comment »

One of the most frequent questions we get about the USDA Rural loan (also known as the 102% no downpayment loan in Arizona) is what areas it covers around Maricopa County. We have had numerous questions about the north Phoenix community of Anthem, and the answer is YES, you can absolutely utilize the USDA Rural AZ loan for Anthem homes. The confusion came from the “City name game”. Some properties are listed as Phoenix Arizona, some are listed as Anthem Arizona, yet others are listed as New River Arizona, but regardless of what the tax records on the property say, the fact stands that USDA Rural is applicable in all of the communities in Anthem Arizona. To read more about Anthem Arizona, please click here. One of the most important changes to the USDA Rural program is that as of July 2009, there is a .89% requirement of contribution. For example, on a $100,000 home purchase in Anthem, you will have to contribute $890 to the purchase (not including inspection fees or appraisal fees). Regardless of this small change, the USDA Rural Arizona loan still makes for one of the easiest home loan purchases for homes in Anthem. If you are looking for a home in Anthem, please give us a call for more details about this exciting loan program for buying your home. And remember, unlike the FHA loan, the USDA Rural loan in Arizona does NOT charge a PMI fee.

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Queen Creek Arizona Homes and Real Estate Updates in San Tan Valley AZ | san tan valley arizona

September 16th, 2009 in Real estate | 22 Comments »

San Tan Valley Arizona

For many home buyers/shoppers, there may be some confusion going on. “Am I still shopping for a home in Queen Creek?”  While this may sound like a facetious question, Pinal County now has a new definition of a geographical area that many had referred to as “South of Queen Creek” or similar. Here is some info about San Tan Valley Arizona, courtesy of Pinal County. Since a public vote was taken online and by paper ballot from Friday, June 19, 2009 until Monday, June 22, 2009. A committee of people gathered to count ballots and witness the ballots being counted and the name was announced on Tuesday, June 23, 2009.

The name “San Tan Valley Arizona” garnered 18 percent of the vote, beating 23 other names that had been recommended for the ballot. The Greater San Tan Area Coalition organized the voting and established the website.

This area is not part of the Queen Creek town limits and there was often confusion about where people live. Depending on who you talk to, the area is known by different names: Bella Vista, Queen Creek, Johnson Ranch, “south of Queen Creek” or other variations like that.

The U.S. Postal Service announced a change in zip codes for a variety of areas throughout Pinal County. In his communication with local residents, District 2 Supervisor Bryan Martyn discussed giving the area a specific identity. By “branding” the area as different from – and larger than – Queen Creek, Supervisor Martyn believes the community will have a more marketable identity.

San Tan Valley Arizona Real Estate

When it comes to shopping for a home in any of these subdivisions, the great news is, they all still belong and adhere to USDA Rural Loan rules, and as such, buying a home in any areas of San Tan Valley Arizona allows you, the home buyer to utilize (if qualified) this no down money loan to buy a home!  Call us today with any questions you may have in regards to the USDA Rural loan as it pertains to San Tan Valley Arizona and other areas of Pinal County.

The following subdivisions of homes are now making the change of their location from Queen Creek Arizona to San Tan Valley Arizona.

Listing of communities affected by this change:

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102% USDA Rural Loan available in Phoenix Arizona outlying areas-buy a home with 0 down

June 12th, 2009 in General | 4 Comments »

We wanted to tell you a bit about the 0% down home purchase loan by USDA that is still available for most areas considered rural. The program qualifications are simple, reserves can be minimal. Why 102% though? Like the FHA-imposed PMI (private mortgage insurance fee premium), USDA 102% loan includes a 2% funding fee which goes to the USDA itself. The loan itself is a 100% loan, with the most important qualification being the location of the property itself. Currently, for metro Phoenix area, quite a few areas qualify for the USDA Rural home purchase program and are identified as such. For now, most of Anthem, Queen Creek, Gold Canyon/Superior, some parts of Apache Junction, Verrado, outskirts of Buckeye, Wickenburg, Black Canyon City, some parts of New River, town of Maricopa,city of Florence proper qualify for the 102% USDA Rural loan. If you or someone you know is looking to purchase a home with minimal money down, this is currently one of the best loans available in aforementioned areas. Give us a call today to discuss your buying needs.

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