Home Loans Arizona - California - Nevada - Utah

One of the little known benefits of buying real estate in the Surprise AZ, is that homes in some of these areas qualify for the USDA-Rural Development Zero Down Payment Home Loan. That means that under the guidelines of this government-backed mortgage program, the Arizona home buyer buy a home without having to make a down payment nor are they required to have a large monthly private mortgage insurance premium payment.

USDA Home Loans program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.

Applicants Income Eligibility

• Agree to personally occupy the dwelling as their primary residence
• Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
• Have the legal capacity to incur the loan obligation
• Have not been suspended or debarred from participation in federal programs
• Demonstrate the willingness to meet credit obligations in a timely manner
• Purchase a property that meets all program criteria
• What is an eligible area?
• Check eligible addresses for the loan guarantees.

How may USDA Home Loans funds be used?

• New or existing residential property to be used as a permanent residence.  Closing cost and reasonable/customary expenses associated with the purchase may be included in the transaction
• A site with a new or existing dwelling
• Repairs and rehabilitation when associated with the purchase of an existing dwelling
• Refinancing of eligible loans
• Special design features or permanently installed equipment to accommodate a household member who has a physical disability
• Reasonable and customary connection fees, assessments or the pro rata installment cost for utilities such as water, sewer, electricity and gas for which the buyer is liable
• A pro rata share of real estate taxes that is due and payable on the property at the time of loan closing.  Funds can be allowed for the establishment of escrow accounts for real estate taxes and/or hazard and flood insurance premiums
• Essential household equipment such as wall-to-wall carpeting, ovens, ranges, refrigerators, washers, dryers, heating and cooling equipment as long as the equipment is conveyed with the dwelling
• Purchasing and installing measures to promote energy efficiency (e.g. insulation, double-paned glass and solar panels)
• Installing fixed broadband service to the household as long as the equipment is conveyed with the dwelling
• Site preparation costs, including grading, foundation plantings, seeding or sod installation, trees, walks, fences and driveways

USDA Home Loans In Surprise AZ, Who Does Them?

Ready to get qualified for a USDA Home Loans in Surprise, Arizona? Call Nathan Rufty at (623) 850-1210

Your dream of owning one of the many affordably priced homes located throughout Surprise AZ is within reach. As an approved USDA home loan lender, we can help walk you through the USDA Loan application, and experience the benefits of a true No Money down, 100% financing home loan.

The problem that the USDA Loan program (Also referred to as the Rural Development Loan Program) faces is the misnomer that it has something to do with agriculture. In truth, USDA Loans were simply created to help build many of the country’s less populated areas. This includes many Surprise AZ communities that lie just outside of major metropolitan areas.


To qualify for a Rural Development Loan, the property must:

• Live outside city limits
• Have a population of less than 20,000 people

Looking for a new home in Surprise AZ? A USDA loan may be just the thing for you. With no qualifying assets or down payment required, and no maximum loan amount, a USDA loan can fit almost any financial situation. 

Below you will find a link to the USDA income limits for Surprise AZ:

USDA Home Loan Income Limits Surprise AZ

• NO down payment – Finance 100% of your home
• NO maximum loan amount in Surprise AZ.
• NO assets needed to qualify
• Flexible credit guidelines
• Competitive, fixed interest rates so payments do not increase
• USDA Loans are for new and existing properties
• Start your Alabama USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.

Who does the USDA home loan program in Surprise AZ

Nathan Rufty is an approved USDA home loans specialist that can help you in getting the house of your dreams. Call now at (909) 503-5600.