The USDA is more known for agriculture, but they also have a home loan program. Known as the Rural Development loan, the loan allows you to purchase a home with no down payment, without monthly mortgage insurance (however, there is a funding fee that can be added to the loan, similar to a VA loan). There are geographic and income restrictions on this loan. So, if you live in a rural community, and meet the income restrictions, this is a great loan for you.
When shopping for the best mortgage broker in Arizona, you need to know the history of the company and their mortgage brokers. At Counsel Mortgage Group, LLC, founded by an experienced CPA and attorney, we have closed hundreds of loans over the years and specialize in assisting you to obtain the right loan. Check out our experienced mortgage brokers and give us a call today or contact us. We look forward to working with you!