Location   

Prev  Next
USDA Direct Home Loans 
Listing ID: 1129
$0.00 USD
[  Seller Info ]

  Classified         Views: 7630

USDA Home Loans

Single Family Housing Direct Home Loans, Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.

A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans. At a minimum, applicants interested in obtaining a direct loan must have an adjusted income that is at or below the applicable low-income limit for the area where they wish to buy a house and they must demonstrate a willingness and ability to repay debt.  

Applicants must meet income eligibility for a direct loan.  Please contact your local RD office to ask for additional details about eligibility requirements, or select their state from the dropdown menu above.

Visit the USDA Income and Property Eligibility website.
Price: $0.00 USD
Listing ID: 1129
Wilshire

 Comments - Login Required

Be the first to post a question or comment on this listing.
Prev  Next