United States Department Of Agriculture
Community Resource
About this resource
The Section 502 Direct Home Loan Program offers financing options in qualifying rural regions for low- and very-low-income families to buy, build, or renovate their homes. Eligible applicants can receive 100 percent financing for purchasing an existing home, acquiring land for new construction, or buying a newly built property. USDA provides qualifying individuals with a low-interest, fixed-rate mortgage for up to 38 years, requiring no down payment.
Intake Procedure: For further details, reach out via phone, email, or visit the website.
Fees: Charges vary based on services.
Who can use this
- -Reside in a rural area -Lack decent, safe, and stable housing -Unable to secure a loan from other sources under reasonable terms -Agree to make the property their primary residence -Possess the legal capacity to take on a loan -Meet citizenship or eligible non-citizen criteria -Not be barred from federal program participation -Fulfill income eligibility for a direct loan
Documents you may need
- Proof of income
Don't have these? Contact the organization—they may be able to help.
Get in touch
Portland, Oregon
Walk-ins welcome
Location
Transit Nearby
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