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There are 15,689 USDA backed residential loans in Arizona with an average loan balance of $131,266. Over 84% of the loans went to help first time home buyers. Borrowers were an average age of 40 years old. The typical appraised home value was around $133,841. On average the rural home size purchased with this loan was approximately 1,588 square feet.
The size of Arizona is roughly 295,234 square kilometers. USDA defined regions of rural loan ineligibility in Arizona cover 11,565 square kilometers of the state. See the interactive geographic illustration below for more details. Only 3.92% of the state is ineligible for traditional USDA home loans.
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A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find Search for USDA Eligible Properties throughout the state of Arizona.
Arizona was admitted into the United States on February 14th, 1912 where the state capitol today resides in Poenix.
The official Arizona state motto is "Ditat Deus," which is Latin for "God Enriches." This motto was adopted in 1863 and is believed to have been suggested by Governor Goodwin. The motto is meant to represent Arizona's commitment to religious liberty and the ideals of faith and prosperity that the state was founded upon. It also pays homage to the diverse cultural heritage of Arizona, as Latin was the language of the Catholic Church during the time of the state's founding.
USDA - Rural DevelopmentFeatured Properties from USDA Loan Eligible Regions of Arizona
230 N. First Ave, Suite 206
Phoenix, AZ 85003