Arizona Zero Down Home Loan

Can you still purchase a home in Arizona with NO MONEY DOWN?  Yes, you can still buy a home in Arizona with no money down.

USDA Home Loans – Look no further than the U.S. Department of Agriculture (USDA) Home Loan.  The USDA has a guaranteed home loan program available to help individuals and families purchase a home in Arizona located in certain qualified rural areas.


How do you qualify for a USDA loan? As with most mortgage loans, you must demonstrate your ability and willingness to repay the loan in monthly installments. Your credit history and other monthly obligations will be analyzed to determine if you have the reasonable ability to meet repayment obligations on your current debts and the new mortgage payment. Additionally, you must show that you have steady and sufficient income that is enough to meet mortgage payments, as well as discretionary income remaining each month.

Credit Eligibility

If you know you have made all past credit payments on time and have a good credit history, you are in good standing and should be a good candidate for a USDA home loan. But even if you have some “spotty” or derogatory credit, you may still be eligible for a loan. USDA mortgage guarantee home loans do not have a minimum credit score but most banks have an overlay of a 620 FICO requirement.

The mortgage loan underwriter wants to know that you are willing to repay the loan. If your credit history shows late payments or even previous bankruptcy, you can still repair your credit report.  It may take some effort but don’t get discouraged.  Your first step is to find out what your credit rating is.

Most late payments should usually be at least one year in the past, and your current history must show that you have met your credit obligations on-time and diligently for at least 12 months. If you have filed for previous bankruptcy, the discharge date will usually need to be at least two years ago. Since the bankruptcy, you must show that you re-established credit and have been diligent with credit and debt payments.

Income Eligibility

The USDA home loan guarantee program is designed to help low to moderate income families. There are income restrictions depending on the area you wish to purchase a Arizona Map for USDA Loanshome. Your loan underwriter will look at your gross income, income from any co-applicants, as well as any other adults who plan to live in the household. If your income exceeds the maximum limit, you may still receive certain adjustments to your gross income that will help you qualify.

In order to give a loan underwriter a clear picture of your income, you will need to submit copies of at least two years of W-2 or 1099 tax filings. If you are self-employed, two years of full tax returns may be necessary to determine a good average income. If you currently work for an employer, you should provide copies of at least one months of pay stubs. You may also click here for a checklist of items you may need for the processing of your home loan.


SOME Eligible Areas in Arizona:

Metro Areas:

  • Buckeye, AZ
  • Anthem, AZ
  • Queen Creek, AZ
  • Casa Grande, AZ
  • Sierra Vista, AZ
  • Tucson, AZ
  • Yuma City, AZ

County Areas:

  • Cochise County, AZ
  • Pima County, AZ
  • Pinal County, AZ
  • Santa Cruz County, AZ
  • Yuma, County, AZ


You can click here to determine if the property, or area, you are purchasing can be financed with this program.


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