Vermont • New Hampshire

 

 

RURAL HOUSING PROGRAMS

 

  Government Owned Property

Rural Development (RD) sells homes that have come into our possession through foreclosure or other types of property settlement.

Click here to see what properties are for sale by USDA

  • Who can buy an RD home?
  • Answer:  Anyone.  If you have the cash or qualify for a mortgage, you can buy an RD home.
  • Are RD homes meant for people with low incomes?
  • Answer:  Some homes are reserved for the first 60 days to income eligible clients. (see chart).  100% financing is available.  Others are sold to anyone who can afford to purchase them.
  • If the RD home needs repairs, will RD make them?
  • Answer:  RD homes are sold "as is" without warranty.  If a home is sold with RD financing to an eligible client, additional funds may be available to repair home deficiencies.  A professional home inspection is part of the application process.
  • Vermont - How can I buy an RD home or find out what RD homes are for sale?
  • Answer:  Request a list of available properties from Jim Plouffe, Rural Development Specialist, USDA Rural Development, 3rd Floor, City Center, 89 Main Street, Montpelier, VT  05602.  You may call him at (802) 828-6010 or fax (802) 828-6076.  You may also contact a local HomeOwnership Specialist in the area you are interested in and view the homes for sale.
  • New Hampshire – How can I buy an RD home or find out what RD homes are for sale?
  • Answer:  Request a list of available properties from USDA Rural Development, Concord Center, Suite 218, Box 317, 10 Ferry Street, Concord, NH  03301-5004 or call (603) 223-6035.  You may also contact a local HomeOwnership Specialist in the area you are interested in and view the homes for sale.
  • How do I make an offer?
  • Answer:  Some properties are financed by RD.  The RD Homeownership Specialist will assist you in processing a loan to purchase the home.  Other properties are available to those who can get their own financing.  In those cases, a 10% non-refundable deposit is required.  In most cases, only full price offers can be accepted.


 

Links

HUD
Department of Veterans Affairs
Fannie Mae
Freddie Mac
VHFA – Vermont

NHHFA – New Hampshire
Federal Deposit Insurance Corporation
Department of Treasury Auctions
 
 

State Director's Welcome Home Page

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