A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans

A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans

What does this program do? Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.

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