Our Single Family Housing Program has two major categories: direct loans that are made by USDA directly to limited income persons to purchase a modest home using payment assistance to reduce the payments, and guaranteed loans which are made by lending institutions but are guaranteed by USDA Rural Development.

National Home Ownership Week was celebrated across the state in June, 2002. One of the special celebrations was held in Columbia City at the home of Judy McCoy in Valley River housing community. Columbia City Mayor, Ron Glassley issued a proclamation honoring National Home Ownership Week. Also attending the event were representatives from Pathfinders- Community Connections, one of Rural Development's active financing partners, Indiana Housing Finance Authority, Indiana Department of Commerce, Ideal Suburban Homes, Federal Home Loan Bank, Leader Mortgage, Star Financial Bank and Wells Fargo.

Through a variety of funding partnerships USDA Rural Development made over 120 loans in Whitley County the last ten years enabling many residents to become home owners.

SFH Programs in 2001

• 1,284 new Hoosier homeowners using USDA loans

• 3% first year delinquency rate for USDA direct loans

• 83% of our housing loans were leveraged with our partners

• $83 million in home mortgage financing provided by USDA

• Over 200 families improved their homes using USDA loans and grants

FAST FACT: There were 768 USDA guaranteed loans made in Indiana for over $55 million during 2001.

Please send any questions or comments to: Kelly Barmann

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This page was updated on 08/26/02 .