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.

Tags: 102% rural loan in Arizona, Anthem Arizona Rural, Anthem AZ usda, buy a home in AZ, buying a home in Anthem AZ, no downpayment loan in Arizona, USDA Anthem Arizona, USDA Rural Anthem, USDA Rural Arizona, USDA Rural AZ, USDA Rural loan AZ