USDA Loans

Gilbert AZ USDA Loans

Many people are surprised with they learn that they can get a USDA loan right here in Gilbert. True, USDA loans are meant for properties that are “designated” rural – but when people think about “rural” they don’t think about Gilbert…

Until now!

As FHA has recently outlawed the process of sellers gifting the down payment to buyers, the USDA loan program has exploded in popularity. Some of the highlights of the USDA loan program include:

  • No down payment – true 100% financing
  • No monthly mortgage insurance
  • No cash reserves required
  • No asset limits: you may keep liquid cash savings and other investments
  • Not just for first time homebuyers – anyone may qualify
  • Loan up to 102% of the appraised value – the 2% guaranteed fee may be added to the loan amount regardless of appraised value.
  • Competitive 30 year fixed interest rates

What Gilbert Properties Are Eligible For A USDA Loan?

If you live in Gilbert and want to see if you qualify for a USDA loan, it is easy to do. The USDA has made it easy by providing a USDA eligibility map and search by property.

Have questions about USDA loans in Gilbert? We are experts and we are happy to help you find any answers to your questions or even help you find the best Realtor to work with when shopping for a home that is eligible for USDA loan financing.

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