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Photo Gallery
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Guaranteed Rural Housing Loans
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Chalmette,
Louisiana
CHALMETTE, June 6, 2008 –
The Wallgren and Eschette families are like most St. Bernard Parish
families—they wouldn’t think of living anywhere else. The
hurricanes of 2005 scattered the population of St. Bernard Parish
throughout the United States—including the Wallgrens and Eschettes.
On June 6, 2008, these two families are
celebrated a sweet homecoming with government and local dignitaries
at their new homes in St. Bernard Parish. This homecoming was made
possible by a unique government/private partnership lending
program—USDA Rural Development’s Guaranteed Rural Housing Program.
The Guaranteed Rural Housing Loan
Program offers homebuyers, such as the Wallgrens and Eschettes, an
opportunity to work through their local banks, mortgage lenders, and
mortgage brokers to obtain a federally-guaranteed home loan. The
benefits to the homebuyer include no down payment and no private
mortgage insurance (PMI).
"We are planting trees today to mark a
new beginning in St. Bernard Parish for these families,” said Clyde
C. Holloway, State Director for USDA Rural Development in
Louisiana. “W
e hope this celebration will encourage others to
contact their lenders about this valuable federal home loan
program.”
Russell T. Davis, Administrator for Housing and Community Programs
for USDA Rural Development in Washington, DC, was on hand to
congratulate the homeowners, along with Hoby Givens, Manager of
Arbor Lending Group LLC, and Lara Schultz, Realtor with Specialized
Real Estate. Both Givens and Schultz worked with the Wallgrens and
Eschettes to locate and finance their new homes.
“Without the USDA Rural Development
guaranteed loan, these families would have never been able to begin
rebuilding their lives in St. Bernard Parish,” said Givens. “This
program allowed them to get a second chance and come home to help
rebuild a great community.”
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National and state officials celebrate
National Homeownership Month in St. Bernard Parish with new
homeowner Charles Wallgren. Left to right: Rachel Perez, Staff of
Senator David Vitter; Russell Davis, Administrator for Housing and
Community Programs for USDA Rural Development, Washington DC; Clyde
Holloway, State Director, USDA Rural Development, Louisiana;
Homeowner Charles Wallgren; Dennis Couvillon, Couvillon Insurance
Agency; Amanda Beheyt, Staff of Congressman Charlie Melancon; Debbie
Redfearn, Single Family Housing Program Director, USDA Rural
Development, Louisiana; Doug Lawrence, Guaranteed Housing
Specialist, USDA Rural Development, Amite, Louisiana; Wes Kungel,
Staff of Senator Mary Landrieu; Lara Schultz, Specialized Real
Estate; Hoby Givens, Arbor Lending Group LLC; and John Audibert,
USDA Rural Development Single Family Housing Specialist.
New St. Bernard Parish homeowner Charles
Wallgren (left) gets a helping hand planting a tree from Washington,
DC, official Russell Davis, Administrator for Housing and Community
Programs for USDA Rural Development. The tree symbolizes a new
beginning in St. Bernard Parish for the Wallgren family. |
New homeowners Dianne and Shannon Eschette
were able to finance their new home through a unique government/private
partnership lending program -- USDA Rural Development’s Guaranteed Rural
Housing Program.
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