| Program Name: | Single family housing direct home loan | |
| Organization: | United States Department of Agriculture – Rural Development | |
| Address: | 2118 W. Part Court, Suite A, Champaign, IL 61821 | |
| Phone: | 217-403-6200 | |
| Fax: | ||
| TDD: | ||
| Email: | ||
| Website: | https://go.usa.gov/xzD6P | |
| Briefly Describe the Purpose of the Program | ||
| Safe, well-built, affordable homes for rural Americans. Provides mortgage financing for applicants to buy, build, improve, or repair an eligible rural home as their primary residence | ||
| Year Program Established: | ||
| Eligibility Requirements or Restrictions | ||
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For families and individuals with an adjusted income at or below the low-income limit for the area. Rural areas with populations up to 20,000 or less. Loans can cover up to 100 percent of the home’s market value, with terms of 33 – 38 years. Applicant may be eligible for payment assistance (subsidy) on the loan.
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| Application Deadline: Rolling bases | ||
| Application Guidelines: | ||
| Funding Cap Per Application or Fiscal Year Program Funding: | ||
| How Must Funds Be Used: | ||
USDA – Program Name:Single family housing direct home loanadmin_iira2023-09-22T20:43:19-05:00