Idaho Single Family Housing Programs

Home funded 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. Most single-family housing programs involve direct assistance by the USDA, while others work through local partnerships or lenders. Visit the following site for a complete overview: Single Family Housing Programs


Topics on this page include:

Single-family Housing Programs:
  • Section 502 Guaranteed Rural Housing Loans
  • Section 502 Direct Rural Housing Loans
  • Section 504 Rural Repair and Rehabilitation Loans & Grants
  • Rural Housing Program Matrix

    • Contacts:
  • Idaho Single Family Housing Contacts
    •   

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    Guaranteed Rural Housing Loans

    The Section 502 Guaranteed Rural Housing (GRH) Loan Program is designed to serve rural residents who have a steady, low or modest income, and yet are unable to obtain adequate housing through conventional financing. These loans enable low and moderate-income rural residents to acquire modestly priced housing for their own use as a residence through the purchase of a new or existing dwelling or the purchase of a new manufactured home. In this variation of the Section 502 program, Rural Development does not make a loan directly to an eligible borrower, but guarantees a loan made by an approved commercial lender. This guarantee substantially reduces the risk for lenders, thus encouraging them to make loans to rural residents who have only modest incomes and little collateral.


    Program Information For:   
    Applicants and Realtors   |   Commercial Lenders
    Where To Apply

    Applications are made to local lenders. For a listing of approved lenders Click Here or contact your local Idaho USDA Rural Development office  for more information.

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    Direct Rural Housing Loans

    The Section 502 Direct program is designed to provide safe, sanitary, and affordable housing for very-low-income and low-income individuals and families in eligible rural areas. This subsidized housing program offers loan benefits as down payment assistance to enable purchase with a loan through a private lending source (Rural Development accepts a junior lien behind the primary lender) or as a sole source of assistance for purchase, repair, or improvement. Payment is based on income and home must be owner-occupied.

    Direct Program Details


    Where To Apply

    Applications are made to your local Idaho USDA Rural Development office .

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    Rural Repair and Rehabilitation
    Loans & Grants

    The 504 program is designed to provide very low-income hoomeowners financial assistance to repair, improve, or modernize their dwellings to remove health and safety hazards. Grants are only available to homeowners who are 62 years old or older and cannot repay a Section 504 loan.

    Repair Program Details


    Where To Apply

    Applications are made to your local Idaho USDA Rural Development office .

    Equal opportunity Housing

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