Rural Home Loan Program Gets Boost

USDA touts Rural Development Agency's Single Family Housing Program as a good deal for rural homebuyers.

Published on: May 7, 2010
Interested in a home loan that requires no down payment, no private mortgage insurance and offers reasonable interest rates?

If so, the U. S. Department of Agriculture Rural Development agency's Direct Home Loan program might be right for you.

Rural Development's Direct Single Family Housing Program has received additional funding from the American Recovery and Reinvestment Act to assist rural residents with their home purchases.

Rural Development serves as the USDA's economic and community development arm and has the mission of improving economic conditions and the quality of live in rural America.

The agency's Single Family Housing Program supports this mission by offering direct home loans to help rural Ohioans buy or build safe, decent and affordable homes.  Home ownership is an economic cornerstone for individuals and communities and owning a home is an integral part of the American dream.  The direct and indirect impacts of housing development also provides a stimulus for manufacturing, trade industries and related professional services, benefiting the larger economy.

The direct loan program provides government loans to very-low to low-income families or individuals.  Borrowers must be able to afford mortgage payments, including taxes and homeowners insurance, and have an acceptable credit history.  Direct loans are for 33 years, although 38-year terms are available in some cases.  Payment assistance also is available for many qualifying borrowers.

Please visit our website at to review income limits on our programs.  For more information or an application, please call the Rural Development office at 419-422-0242, ext. 113 or email