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Single Family Housing Direct Home Loan

Walker, LouisianaGaye Glass, USDA Rural Development Single Family Housing Specialist, presents house keys to new homeowner Darlene Bowman.

WALKER, June 30, 2008 – Gaye Glass, Single Family Housing Specialist with USDA Rural Development, presented the keys to a new home to first-time homeowner Darlene Bowman on June 30, 2008, in Walker—marking a new beginning for Bowman and her family.

“Rural Development offered a great opportunity for my kids and me to purchase a home,” said Bowman.  “We would not have been able to purchase it otherwise.”

Darlene Bowman purchased her home through a direct USDA Rural Development home loan.  This federal home loan program offers 100 percent financing, extended financing periods, and fixed-rate financing.  Eligibility for USDA Rural Development homeownership programs is primarily based on income, repayment ability, and acceptable credit history.

Gaye Glass, USDA Rural Development Single Family Housing Specialist, worked with Bowman through the application process.

“It is great to help someone buy their first home,” said Glass.  “June is National Homeownership Month, and during June we like to spotlight new homeowners, like Ms. Bowman, to encourage others to consider the benefits of homeownership.”

USDA Rural Development currently has a portfolio of over 1,000 home loans in Livingston Parish for a total investment of over $111 million.

“Everyone with Rural Development has been so nice and helpful,” said Bowman.  “I would highly recommend them to anyone.”
 

Darlene Bowman's new home -- financed by USDA Rural Development.
Darlene Bowman's new home -- financed by USDA Rural Development.

 


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