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Newly constructed single family home financed 
through RHS' Single Family Home Loan Program

SINGLE FAMILY DIRECT LOANS

Purpose:  To increase the availability of affordable credit opportunities for rural residents 

Program Type:  Loan

Eligible Applicants:  Very low and low income households who do not own adequate housing and have sufficient, dependable income that demonstrates repayment ability for the requested loan (Income Limits)

Eligible Areas: Cities and unincorporated areas of 10,000 population or less; in some circumstances cities between 10,000 and 20,000 also qualify (Ineligible Area Maps)

Authorized Purposes:  Funds are used to buy, build, improve, repair, or rehabilitate homes that are of modest size, design, and cost

Rates and Terms:  Loans may be made up to 100% of appraised value; interest rates are subsidized as low as one percent based on the applicants financial condition and loan terms are generally 33 years

When to Apply:  Year round

Who to Contact:  See Office Locations  for the office servicing the county in which the purchased or repaired house is located