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
  •  

    <Go Back to Rural Development Idaho Home

     

    Single Family Housing Guaranteed Loans

    USDA Rural Development partners with approved lenders to help them extend 100% financing to individuals and families wishing to purchase in rural communities. Please use the links below for a complete overview.

    Lender Processing Information

    • Applications are processed in the order in which they are made complete. Files are not given preference based on closing date, but are processed in order by date application was complete. Lenders who submit incomplete files to the CMB will have three days to submit required information or file will be withdrawn.
    • Application packages received after 3:30 p.m. are considered received the following business day.
    • We are unable to accommodate rush requests or pre-qualifications.
    • Please use the Lender Origination Stacking Order Checklist when submitting a loan for a conditional commitment and the Lender Loan Closing Stacking Order Checklist when submitting a loan for a loan note guarantee.
    • The person submitting the file to RD receives an email to inform them that the file was received along with the RD contact for that submission and our current turn times.
    • Please run specific file inquiries through the approved lender underwriter. Run files through GUS and read and follow the GUS findings report.
    • Borrowers and realtors should contact thier lender for individual file status.

    Thank you for your patience and understanding.


    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.

    < Top of Page



    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 .

    < Top of Page



    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

    < Top of Page

    <Go Back to Rural Development Idaho Home