Participating in the Success of Rural Indiana

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Rural Housing Service Guarantee Programs

The Rural Housing Service works with private lenders to guarantee loans to borrowers for the construction of multi-family housing units; community facilities; and individual homes. Most loan guarantees issued by the Rural Housing Service are from 80-100% of the amount of the loan. 

The reasons investors might choose to work with the Rural Housing Service are many. Since loan guarantees issued by RHS are backed by the full faith and credit of the U.S. Treasury, many lenders consider RHS programs to be a relatively risk-free way to expand portfolios. 

Also, loans made possible by partnerships between RHS and private lenders improve the economic health of rural communities. The continued well-being of rural areas
provides more opportunities for lending institutions which invest in these communities.

Please contact the following persons in Indiana for more information on our Guarantee Programs:

Single Family Housing- Vincent Maloney

Community Programs - Gregg Delp

Multi-Family Housing - John Young

Rural Housing Guarantee Programs on the USDA web site.

Rural Business Service Guarantee Program

The Business and Industry (B&I) Guaranteed Loan Program helps create jobs and stimulates rural economies by providing financial backing for rural businesses. This program provides guarantees up to 90 percent of a loan made by a commercial lender. Loan proceeds may be used for working capital, machinery and equipment, buildings and real estate, and certain types of debt refinancing. The primary purpose is to create and maintain employment and improve the economic climate in rural communities. This is achieved by expanding the lending capability of private lenders in rural areas, helping them make and service quality loans that provide lasting community benefits. This program represents a true private- public partnership.

For more information please contact Joe Steele

Business and Industry Guarantee Programs  on the USDA website.

You may also contact the Rural Development office in your area.