With the downturn in Arizona’s real estate market, there really has never been a better time to buy a home. The good news is that with the USDA Loan Program, traditional hurdles like strict credit guidelines and large down payments no longer have to hold you back from realizing your dreams of the homeownership. For Arizona residents who want the security of a government backed loan, but do not qualify for a traditional loan, the USDA Home Loan program offers a viable alternative, including:

  • 100% Financing Up to the Appraised Value
  • New and Existing Homes are Eligible
  • No Maximum Loan Amount
  • Low Fixed Interest Rates

Arizona Areas that Qualify for a USDA Loan

The USDA Loans program is often referred to as the Rural Development Loan Program. Take note, however, that this does not restrict qualifying homes to farmland. Instead, to qualify, the property in question simply has to be located outside the limits of a major city and in an area of 20,000 residents or less.

So while a house located directly in Phoenix may not qualify, a house located just outside the surrounding metropolitan area may qualify. For more information, Consumer Real Estate Finance Co. offers a USDA property eligibility wizard.  Or, you can call one of our certified USDA loan agents at 1-866-854-4242.

Arizona’s USDA Loan Income Limits by County

The good news is that if the Arizona home is located within a qualifying area, there are only a few other usda eligibility requirements to meet. While one is a credit evaluation, you should note that these USDA Loan Credit History guidelines are flexible – meaning that you must demonstrate the ability and willingness to meet obligations as they become due.

The other is a maximum income limit.  Your income cannot exceed the limit set for your county:

Quick Scroll
STATE:ARIZONA PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Flagstaff, AZ MSA
VERY LOW INCOME 35000 35000 35000 35000 46200 46200 46200 46200
Apply Now LOW INCOME 56000 56000 56000 56000 73900 73900 73900 73900
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Lake Havasu City-Kingman, AZ MSA
VERY LOW INCOME 29550 29550 29550 29550 38950 38950 38950 38950
Apply Now LOW INCOME 47300 47300 47300 47300 62450 62450 62450 62450
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Phoenix-Mesa-Scottsdale, AZ MSA
VERY LOW INCOME 34550 34550 34550 34550 45650 45650 45650 45650
Apply Now LOW INCOME 55300 55300 55300 55300 73000 73000 73000 73000
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Prescott, AZ MSA
VERY LOW INCOME 30500 30500 30500 30500 40300 40300 40300 40300
Apply Now LOW INCOME 48800 48800 48800 48800 64400 64400 64400 64400
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Sierra Vista-Douglas, AZ MSA
VERY LOW INCOME 29200 29200 29200 29200 38550 38550 38550 38550
Apply Now LOW INCOME 46700 46700 46700 46700 61650 61650 61650 61650
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Tucson, AZ MSA
VERY LOW INCOME 30300 30300 30300 30300 40000 40000 40000 40000
Apply Now LOW INCOME 48500 48500 48500 48500 64000 64000 64000 64000
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Yuma, AZ MSA
VERY LOW INCOME 25350 25350 25350 25350 33500 33500 33500 33500
Apply Now LOW INCOME 40550 40550 40550 40550 53550 53550 53550 53550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Apache County, AZ
VERY LOW INCOME 24600 24600 24600 24600 32500 32500 32500 32500
Apply Now LOW INCOME 39350 39350 39350 39350 51950 51950 51950 51950
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Gila County, AZ
VERY LOW INCOME 25650 25650 25650 25650 33900 33900 33900 33900
Apply Now LOW INCOME 41050 41050 41050 41050 54200 54200 54200 54200
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Graham County, AZ
VERY LOW INCOME 28700 28700 28700 28700 37900 37900 37900 37900
Apply Now LOW INCOME 45900 45900 45900 45900 60600 60600 60600 60600
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Greenlee County, AZ
VERY LOW INCOME 30050 30050 30050 30050 39700 39700 39700 39700
Apply Now LOW INCOME 48100 48100 48100 48100 63500 63500 63500 63500
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
La Paz County, AZ
VERY LOW INCOME 24600 24600 24600 24600 32500 32500 32500 32500
Apply Now LOW INCOME 39350 39350 39350 39350 51950 51950 51950 51950
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Navajo County, AZ
VERY LOW INCOME 24600 24600 24600 24600 32500 32500 32500 32500
Apply Now LOW INCOME 39350 39350 39350 39350 51950 51950 51950 51950
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Santa Cruz County, AZ
VERY LOW INCOME 24600 24600 24600 24600 32500 32500 32500 32500
Apply Now LOW INCOME 39350 39350 39350 39350 51950 51950 51950 51950
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150

 

Remember, Consumer Real Estate Finance Co. is here to answer all your questions. For help applying for an Arizona USDA Loan, contact us today.