Single Family Housing

Single Family House by USDA Rural Development

Single Family Housing Programs provide homeownership opportunities to low- and moderate-income rural Americans through several loan, grant, and loan guarantee programs. The programs also make funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary. Visit the following site for a complete overview: Single Family Housing

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Colorado Highlights

2013 Investments
Direct Loans $12,287,433
Guaranteed Loans $318,659,681
Repair Loans and Grants $143,000

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INFORMATION FOR POTENTIAL APPLICANTS

I WANT TO BUY A HOME IN COLORADO - HOW CAN RURAL DEVELOPMENT HELP?

Homeownership may be closer than you thought! Rural Development has two separate mortgage programs the Direct loan program, and the Guaranteed Loan program. Our programs have special features that may be just what youe looking for. (You should only apply for one of these programs at a time.)

Both programs have some similarities-

• There is a maximum household income (income limit) based on the county you want to purchase a home in and the number of members in your household. The maximum household incomes by county are higher for the Guaranteed Loan Program.

•Properties being purchased with either program must be located in an eligible rural area. The eligible rural area boundaries are the same for both programs.

•Rural Development does not have a down payment requirement and allows 100% financing in both programs.

• It may be possible to finance some of your closing costs under both programs, depending on factors like the amount you are eligible for and the cost of your home in comparison to the appraised value.

• If you are interested in purchasing a manufactured home, we can only approve new units being permanently installed on a foundation by an approved manufacturer/dealer. We can also approve modular homes (considered the same as stick built) and new or existing homes.

 

For more program information

Direct Program

Guaranteed Program

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Who do I contact to apply and find out more information

Direct Loan Program

Guaranteed Loan Program
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I OWN A HOME IN A RURAL AREA, and AM LOOKING FOR HELP TO REPAIR IT

Repair Loan Program

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INFORMATION FOR LENDERS

Lender Information

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