USDA Rural $0 Down home loans improve by 10/1/16

By
Real Estate Agent with HomeSmart Real Estate BR632450000

Are you looking for a $0 down payment loan? Well USDA loans offer them and they are getting better. There are ranches in Arizona that qualify for these loans.

 

USDA mortgage loans even better by October 1, 2016

 

Tyson Barry of Academy Mortgages advised me today, "Good news from USDA Rural Development's Guaranteed Program for Single Family Housing! The program’s guarantee fee and annual fee will decrease significantly effective October 1, 2016 (the start of fiscal year 2017). The upfront guarantee fee will change from 2.75% to 1.00% of the loan amount. The annual fee will change from 0.50% to 0.35% of the average scheduled unpaid principal balance for the life of the loan. The program has over $10 billion for no-down payment loans for rural customers until September 30, 2016 (the end of fiscal year 2016). In some past years, USDA funds have been exhausted before the end of the fiscal year, so the availability of these funds at this time is good news. Let’s talk soon about how to take advantage of these USDA fee reductions or no-down payment loans. USDA Home Loans are guaranteed through the U.S. Department of Agriculture Rural Development."

 

Do you need a ranch of your own? Are you tired of the city and snow? Arizona is the place to buy ranches with and without a barn: Ranches For Sale In Arizona

 

      As an example of Arizona ranches for sale, here is Hope Ranch in Desert Hills section of Phoenix,            Arizona  surrounded by riding trails where you do not need to trailer your horse and it is in the USDA                     $0 Down loan qualified map area. Check with your lender for qualifying USDA zones

 

Also ask me for free grants to purchase a home in Arizona in addition to the $0 Down Payment loans throught the USDA and your local lender. Free and Zero ($0) are good.

 

Want to learn more or interested in buying land to build your own Ranch, contact me at Arizona Homes and Land For sale 

POSTED BY
Posted by

Jeffrey Masich, Associate Broker, REALTOR®, MBA, GRI, BS Accounting

HomeSmart

Scottsdale, Arizona

JeffMasich@ArizonaHomesLand.com

http://ArizonaHomesLand.com

480-242-6500

 

 

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jeffrey Masich The USDA rural home loans can help many buyers.

Aug 22, 2016 11:25 AM #1
Rainer
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Cristina Salcedo
REMAX Champions - Riverside, CA
Corona, Riverside Realtor

That is great information!  The changes are very substancial!  Thank you

Aug 22, 2016 03:48 PM #2
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Rainmaker
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI

Arizona Homes and Land Group/ Buy or Sell
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