$0 DOWN PAYMENT HOMES
Coolidge, Arizona

The Federal Goverment has a home loan program called the USDA Rural Loan that allows homebuyers to purchase homes in Coolidge, Arizona with $0 down payment and there is no monthly mortgage insurance like there is with FHA or Conventional loans when you have <20% down payment.

The Advantages:

• Loan closings within normal time frame. Lenders control the closing.

• Loan up to appraised value plus the guarantee fee.

• Include closing costs/repairs/renovations in the loan.

• No monthly mortgage insurance (MI).

• Maximum loan amount is 100% of the appraised value plus the one time guarantee fee

• No cash contribution or cash reserves required from applicant.

• Non-traditional credit allowed.

• No minimum credit score.

• Repayment ratios are 29/41. 

  • Ratio waivers are allowed with documented compensating factors.

• Not limited to first-time home buyers.

• Fixed interest rates with 30 year term.

To Be Eligible:

• Occupy the property as your primary residence.
• Do not own an adequate home
• Be a US Citizen, a US non-citizen national or a “qualified alien”.
• Provide Stabel and dependable income for repayment ability
• Have a credit history that indicates a willingness to meet obligations as they become due
• Have an adjusted household income that is within Rural Development guidelines based on the number of persons who will occupy the home (click on "Income Limits" links on left side).  

If you meet these requirements or even think that you do or have questions about this USDA $0 Down Payment Home Loan, Call/Text me or email me by completing the form below.

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PAUL WELDEN, PLLC
Exclusive Buyer's Agent
Coolidge Real Estate
HomeSmart
480-241-0081