Usda Rural Development
Community Resource
About this resource
This program extends loans to low-income homeowners for the purposes of purchasing, building (including land, water, and sewer), repairing, relocating, or upgrading their residences. It features sweat-equity construction loan options, guaranteed loans, and rural housing site programs.
Intake Procedure: For further details, please call or check the website.
Fees: May vary.
Who can use this
- Applicants for the Rural Housing Guaranteed Loan must have an income not exceeding 115% of the area's median income and must lack adequate housing while being capable of managing mortgage, taxes, and insurance payments. For the Rural Housing Direct Loan, applicants need to have low or very low incomes below 50% of the area median income, also requiring them to lack adequate housing yet be able to handle mortgage, taxes, and insurance payments. Those applying for Mutual Self-Help Loans must have low or very low incomes ranging from 50% to 80% of the area median income, again needing to lack adequate housing but be able to cover mortgage, taxes, and insurance payments. For detailed income eligibility, please refer to the website.
Get in touch
Olympia, Washington
Walk-ins welcome
Location
Transit Nearby
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