Income too high?
USDA Rural Development provides loan guarantees to approved lenders for mortgage loans that require no down payment and no private mortgage insurance. The Guaranteed Rural Housing Loan Guarantee Program is similar to the 502 Direct Home Loan Program, but has much higher income limits. A 1 to 4-person household can qualify if their income does not exceed $74,750 - $82,000. This too varies by county and household size. This program offers a fast, low-cost home purchase opportunity.
The application process for all of these programs is simple. Call the USDA Rural Development’s North Vernon Area Office at 812-346-3411 Ext. 4 for more information. Additional information can be found at http://eligibility.sc.egov.usda.gov/.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).
– Daily News