USDA offers loans to help people buy, repair homes
Direct Home Loan program offers financing to qualified very-low and low-income applicants who are unable to qualify for traditional financing.
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The Globe |
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WORTHINGTON — USDA Rural Development is accepting applications for very low- and low-income individuals and families seeking to purchase or repair a home in a rural area.
The Direct Home Loan program offers financing to qualified very-low and low-income applicants who are unable to qualify for traditional financing. No down payment is required, and the interest rate could be as low as 1% with a subsidy. Applicants must meet income and credit guidelines and demonstrate repayment ability.