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Single Family Home
House financed through RHS' 
Guaranteed Single Family Home Loan Program

 

GUARANTEED SINGLE FAMILY  LOANS

Purpose:  To increase the availability of affordable credit opportunities for rural residents by providing incentives to private lenders 

Program Type:  Loan Guarantee

Eligible Applicants:  Low and moderate 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 obtained from the lender are used to buy or build a home

Rates and Terms:  Loans may be made up to 100% of appraised value; interest rates are negotiable with lender subject to a maximum that changes with market conditions and the term of the loan is 30 years

When to Apply:  Year round 

Who to Contact:  See Office Locations for the Area Office servicing the county in which the house is located

Website:  http://www.rurdev.usda.gov/rhs/sfh/GSFH_Information/GSFH_Specific.htm 

 

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