Also known as the Section 502 Direct Loan Program, this program helps low and very-low-income applicants buy decent, safe, and sanitary housing in eligible rural areas by providing payment assistance to increase their 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.
Financing for repairs
Lower Mortgage Insurance
Flexible Credit Requirements
As Low as 1% Down payment options
Great Option for lower income Borrowers
Much lower interest rates due to Government Backing
Financing for repairs
Lower Mortgage Insurance
Flexible Credit Requirements
As Low as 1% Down payment options
Great Option for lower income Borrowers
Much lower interest rates due to Government Backing
Make sure Subject Property is eligible via USDA.gov
Make sure your income is eligible via USDA.gov
Must be Owner Occupied.
Meet citizenship or eligible noncitizen requirements.
Must not be suspended from Government Programs.
Must be unable to obtain a loan from other resources.
Applicants must be without decent, safe, and sanitary housing.
©Copyright . CAPITOL DIRECT LENDING.
All Rights Reserved.
NMLS #1140264 BRE #01947982
©Copyright . CAPITOL DIRECT LENDING.
All Rights Reserved.
NMLS #1140264 BRE #01947982
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