"The Housing Programs of USDA Rural Development works to improve the quality of life for rural Americans by ensuring that they have access to safe, well-built, affordable homes. Home-ownership builds economic stability and, over the long term, creates equity to finance education, business start-ups and retirement. People with equity in their homes not only take greater pride in them, they also become more involved in their communities."

"Housing and Community Facilities" - Website -http://www.rurdev.usda.gov/wa/Housing.htm

Home Loan Basics

Guaranteed Loans

• Available for low-income individuals and households.
• Funds can be used to purchase and/or build a home, to repair, renovate, and/or relocate a home.
• Applicants must be within income limits & afford mortgage, taxes, and insurance
• Applicants must have reasonable credit
• Loans are typically for a 30 year term

SFH Income Eligibility

 

 

 

 

 

 

 

 

Direct Loans

• Loans are available for low and very low households
• Funds can be used to purchase and/or build a home, to repair, renovate, and/or relocate a home.
• Mortgage payments are based on household income
• Applicants must be within income limits & afford mortgage, taxes, and insurance - Subsidies are available to help with repayment ability.
• Applicants must have reasonable credit
• Loan terms range from 30-38 years depending on type of home and repayment ability.

Property Eligibility Map