2014-07-31 / Local News
Rural Development Housing Program Mortgages and Repair Loans Available
Local residents may be eligible for US Department of Agriculture (USDA) Rural Development’s 502 Direct Loan program for purchasing a home. This mortgage program offers low interest loans to income eligible borrowers with a satisfactory credit history and adequate repayment ability in rural areas. Direct loans require no down payment and monthly payments are based on income.
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