Rural Housing Service | Single Family Housing (continued)
Additional Informatio n
Program Overview
Applicant
Population
Helps low- to moderate-income applicants buy a home by guaranteeing loans made by private lenders. Eligible applicants can get up to 100 percent financing to buy, build, improve, or even relocate a dwelling.
Conventional building sites: Private and public nonprofit organizations, and federally recognized Tribes Self-help method sites: Private and public nonprofit organizations solely dedicated to self-help housing, and federally recognized Tribes Families and individuals with an income not exceeding 115 percent of the median household income for the purchase area of the home Homeowners who occupy the house, and have a household income that does not exceed the very- low income limit in the county in which your home is located
Rural areas with populations up to 20,000 (In special circumstances, communities up to 35,000 can apply). Rural areas with populations up to 20,000 (In special circumstances, communities with populations up to 35,000 can apply.)
Program Type: Direct Loan and grant. Terms and Conditions: 1-percent-interest loans up to $40,000. Grants available to very-low-income applicants ages 62 years or older unable to pay a 1 percent loan. Website: https://go.usa.gov/ xhq24 required. Website: https://go.usa.gov/ xzD66 Program Type: Loan Guarantee Terms and Conditions: A down payment is not Program Type: Loan Terms and Conditions: Self-help method loans are for 2 years at a 3 percent, fixed-interest rate. Conventional construction method loans are published monthly and fixed at closing. Website: https://go.usa.gov/ xzDFn
Single Family Housing Home Loan Guarantees
Helps lower-income homeowners to repair, improve, or modernize their home. Loan funds can be used for roofing, heating and cooling systems, structural repairs or to offset the cost of water or waste disposal connection fees.
Single Family Housing Repair Loans and Grants
This revolving loan fund provides site loans for
Check the Income and Property Eligibility at this site: https://go.usa. gov/xhqbC
applicants below the moderate income limit using conventional construction methods or the self-help housing method, in which families build each other’s homes. Conventional building sites can be developed and sold to low- and moderate-income applicants using USDA Rural Housing Service programs or any other mortgage financing program that serves those applicants below the moderate income limit.
Rural Housing Site Loans
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