100% financing on New Build Homes in Buckeye

100% financing for the purchase of your new home may be available through the USDA Rural Development’s Single Family Housing Guaranteed Loan Program (SFHGLP).

Program highlights:

• Loan amounts to 100% of the property’s sales price
• Competitive 30-year fixed rates
• Flexible credit guidelines and qualifying ratios
• Closing cost assistance is acceptable. Sources may include gift funds, grants, & seller contributions
• Not limited to first time homebuyers
• Funds available on a first-come, first-served basis

Eligibility requirements:

• Home must be located in an eligible rural area, as designated by USDA
• Principal residences only. Applicants may not own any other property, with the exception of a current principal residence that will be sold prior to close of new home
• Household income may not exceed the adjusted income limit for the area
• Must show stable and dependable income for repayment ability. Credit history must indicate a willingness to meet obligations as they become due
• Must be a US citizen, permanent resident, or qualified alien
• Requires an upfront and annual guarantee fee. The upfront guarantee may be financed into the loan, allowing for loan amounts above 100% of sales price