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| For the Missouri Rural Development Home Page
click here! |
RURAL HOUSING LOAN AND GRANT
PROGRAMS IN MISSOURI OVERVIEW |
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Rural Development instruction stipulates that housing programs can be administered to applicants when the proposed
security is located in a rural community of less than 20,000 population, on a farm, or in open country not closely associated
to an urban area. Due to funding regulation we cannot make housing loans in St. Louis City or County. Please
click here
to contact the St. Louis office of Housing and Urban Development (HUD).
USDA INCOME AND PROPERTY ELIGIBILITY SITE
This site is used to determine eligibility for certain USDA home loan programs.
Household income must meet certain guidelines. Also, the home must be located in an eligible rural area as defined by
USDA. Applications are accepted in the office that services the county where the security is located. For office
information click here! |
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Types of assistance for Rural Housing Loan and Grant Programs are described below.
Click on the short description for further information. |
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| Direct Home Ownership Loans |
Loans made by USDA Rural Development to low and very low income applicants to buy, build, or repair homes
(payments are subsidized). |
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Guaranteed Home Ownership Loans |
Loans made by conventional lenders and guaranteed by USDA Rural Development to low and moderate income applicants
to buy or build homes (30 year fixed interest rate). |
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Home Repair Loans/Grants
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One Percent loans made by USDA Rural Development up to $20,000 to very low income applicants to
repair the home they now own, and grants made by USDA Rural Development up to $7,500 to very low income applicants to repair
the home they now own to remove safety and health hazards. Grant recipients must be 62 years of age or older, and show
they cannot afford a 1% repair loan. |
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Rural Rental Housing
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Loans made by Rural Development to
individuals or organizations to construct apartments for very
low to moderate income tenants (operated on a not-for-profit or a limited profit basis with subsidized rents
--can include congregate or cooperative housing). |
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Guaranteed Rural Rental Housing
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Loans made by conventional lenders and guaranteed by USDA Rural Development
to individuals or organizations for construction of apartments for very low to moderate income tenants (operated on a not-for-profit
basis with subsidized rents--can include congregate or cooperative housing). |
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Rural Housing Site Loans
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Loans made by Rural Development to public bodies or not-for-profit entities to buy and develop
lots to sell to very low to moderate income housing applicants at the cost of development. |
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Self-Help Technical Assistance Loans/Grants
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Loans made by Rural Development to a group of housing applicants who agree to work together to
build their own homes. Technical Assistance Grants are made by Rural Development to not-for-profit entities to provide the
technical assistance to self-help housing loan applicants. |
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Farm Labor Housing Loans/Grants
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Loans/grants made by Rural Development to public bodies, not-for-profit entities, or individuals
to finance rental units for domestic farm labor. |
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Housing Preservation Grant Program
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Grants made by Rural Development to not-for-profit entities to operate a program which finances repair and rehabilitation
activities to individual/rental housing owners for very low and low income tenants. |
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