I am often asked "Paul, how much can I borrow with a USDA Rural Home Loan here in Arizona?" 

The answer for home buyers is "It Depends".

For a USDA Rural Home Loanit depends on your repayment ability and the appraised value of the home you are buying.  We'll look at the ratio of your Pre-Tax Net Income to your new monthly USDA Rural Home Loan payment.  We call that the Front End Ratio and generally like it to be around 29%.  It can go higher if there are compensating factors like a great credit score or extra savings.  There are a lot of things that can qualify as a compensating factor for the USDA Rural Home Loan. 

We'll also take a look at the ratio of your total Pre-Tax Net Income to your total monthly expenses including your new USDA Rural Home Loan payment.  The back end ratio should be around 41%, but also can go higher with compensating factors.

We'll use these ratios to determine the maximum USDA Rural Home Loan amount that you can qualify for.

Contact me and I'll show you not only how much you can qualify for, but also how much cheaper the USDA Rural Home Loan is than FHA or Conventional financing.

Paul Dunn
Tucson's #1 FHA Loan Originator
USDA Rural Home Loans For Arizona