Agency
Rural Development (RD)
Program Site
Description
Single Family Housing Direct Home Loans, 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.
Eligibility
Individuals apply directly to Rural Development State Offices or through approved loan packaging organizations.
Climate Change Component
Communities may need to move due to effects of climate change. This program provides housing loans to help support the purchasing of homes during such moves.
Geography
Disaster Assistance
No
Theme
Programs and Services for Tribes
Tribal Table Category
Tribal Table Eligibility
Tribal Table Funding amount
Area loan limits are calculated based on the cost of a modest home in the respective county/area.