USDA Rural Housing Guaranteed Loan

November 19, 2008 by Florida Mortgage · Leave a Comment 

Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. Eligibility: Applicants for loans may have an income of up to 115% of the [...]