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  2. Section 502 loans - Wikipedia

    en.wikipedia.org/wiki/Section_502_loans

    Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS (7 CFR 3550) or by private lenders with a USDA guarantee (7 CFR ...

  3. USDA loans: What are they and am I eligible? - AOL

    www.aol.com/finance/usda-loans-am-eligible...

    Also known as Section 502 Direct, USDA direct loans offer low-rate home loans to individuals in rural areas in need of adequate housing. Unlike USDA guaranteed loans, you’ll apply for a direct ...

  4. USDA Mortgage Loan Program Widens Footprint - AOL

    www.aol.com/usda-mortgage-loan-program-widens...

    First-time home buyers can purchase USDA-eligible homes with 100% financing using the USDA Single-Family Guaranteed Loan Program. USDA loans, also known as Section 502 mortgages, let buyers ...

  5. USDA home loan - Wikipedia

    en.wikipedia.org/wiki/USDA_home_loan

    The USDA Home Loan Program does allow for considerations for expenses like Child Care. [8] To be eligible, one must be purchasing a property in a rural area, as defined by the USDA. The home or property that the potential buyer is looking to purchase must be owner-occupied; investment properties are not eligible for USDA loans.

  6. Rural Housing Service - Wikipedia

    en.wikipedia.org/wiki/Rural_Housing_Service

    Direct loans are made and serviced by USDA staff; loan guarantees are made to banks or other private lenders, and grants are made directly to a person or organization. RHS works with other federal agencies, and a number of both nonprofit and private organizations nationally, in order to pool resources to help America's rural residents most ...

  7. Biden Unveils Plan To Increase US Homeownership — How It ...

    www.aol.com/finance/biden-unveils-plan-increase...

    The USDA, simultaneously, is working on launching a pilot program to expand eligibility criteria for Community Land Trust Organizations through the Section 502 Direct Loan Program.

  8. Guide to no-down payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    Sponsored by the U.S. Department of Housing and Urban Development (HUD), the program provides a discount of up to 50 percent on a home with a down payment of just $100. Pros and cons of a no-down ...

  9. Mutual self-help housing - Wikipedia

    en.wikipedia.org/wiki/Mutual_self-help_housing

    Mutual self-help housing is a government program in the United States to assist groups of low-income families in building their own homes. Each family is expected to contribute at least 700 hours of labor in building homes for each other.

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