USDA Rural Development
REM #A812
By Ilyce R. Glink
Summary: A reader says that the United States Department of Agriculture, or USDA, offers other loans than guaranteed loans. The other loans are USDA rural development loans. To find out more about USDA rural development loans visit USDA's Web site.
Q: I work for the USDA in California. Your recent article on USDA home loans needs more clarification. The article only spoke of guaranteed loans, which are similar to VA loans. But the Rural Development [division] also has a 100 percent direct loan program that can be accessed at hundreds of local Rural Development offices.
This is a deep subsidy program with assisted rates as low as one percent (1%). The maximum note today would be 5.375 percent, forever. Go to rurdev.usda.gov.
A: Thanks for the update. These are mortgage programs for people who do not live in major metropolitan areas. See the website for more details, or call your local USDA Rural Development office.
NOTE: Ilyce R. Glink's latest ebooks are "Credit Scoring Secrets" and "How to Find a Great Real Estate Agent," which are available at her new, all-video website, www.expertrealestatetips.net. If you have questions, you can call her radio show toll-free (800-972-8255) any Sunday, from 11a-1p EST. You can also write to Real Estate Matters Syndicate, PO Box 366, Glencoe, IL 60022 or contact her through her website, www.thinkglink.com ©2008 by Ilyce R. Glink. Distributed by Tribune Media Services.
Quit Claim Deed Transfers Property Taxes
Quit-Claim Deed Question
Deed in Lieu of Foreclosure Will Hurt Credit Rating
Erosion
Townhouse
Link to This Article
Like what you've read? Spread the word! You can link to this article
from your website by copying the following code and adding it to
a page on your website:
Copyright ©2001-2007. ThinkGlink, Inc.
All rights reserved. Reproduction of material from any www.ThinkGlink.com pages without permission is strictly prohibited.
Site designed by Walker Sands Communications
