Rural Housing Site Loans

Rural Housing Site Loans are short term loans to finance development costs of subdivisions located in communities with a population of 10,000 or less (selected communities with a population between 10,000 and 20,000 are also eligible). Developed lots are to be sold to families with low to moderate household income (up to 115% of the county median income) using either Section 502 financing or credit from other sources. Section 523 Site Loans are restricted to buyers for housing to be built under the Self-Help method of home construction. Section 524 Site Loans are not limited to self-help program buyers.

Topics on this page include:

Program Details
More Information and How to Apply

Program Details


Loans can be made to public or private local non-profit organizations with legal authority to buy, develop, and sell homesites to eligible applicants.


Funding is held at the National level and the State Office must request an allocation for each loan.


Two years.


Section 523 loans have a 3% interest rate. Section 524 loans are based upon market conditions.


No down-payment required. Applicants should have resources available to put together a formal proposal with the final application.


Each loan will be adequately secured to protect the Government's interests.



More Information and How to Apply


Contact our State Office for more information.