If you make less than the median income in your area and you have a desire to own property in rural America, then you and your family may be good candidates for a mortgage loan backed by the U.S.

When the USDA ran out of money for its Section 502 guaranteed Rural Housing product in April, the program effectively shut down. At that time it was up to the Congress to appropriate the $150 million ...

Add Yahoo as a preferred source to see more of our stories on Google. Getting a mortgage to buy a home is a process, with many hoops and hurdles to jump through before reaching the finish line. And ...

USDA home loans offer a path to homeownership for those with lower incomes and for people who are looking to buy a home in certain areas of the country. These mortgages are backed by the US Department ...

USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase ...

Eric Bivens, his fiancee Johna Smith and her son Camden, 10, in front of a home they are trying to buy in Owasso, Okla., taken on September 24,2013. The family are trying to buy the house using a USDA ...

WASHINGTON, Jan. 9, 2013 - A new report issued by the National Rural Housing Coalition focuses on validating the successes of the Section 502 Direct Loan program and the Section 523 Mutual Self-Help ...

For first-time home buyers, it can be challenging to save up for a down payment. Down payments vary considerably — from the 3.5% required for FHA loans for first-time buyers to the 20% that many ...

The United States Department of Agriculture (USDA) isn't just about meat inspections, it also offers a mortgage program that, according to the agency, helped more than 166,000 families realize their ...

BEMIDJI, Minn. -- Kjell Thompson has long dreamed of owning her own home, but until recently she thought it out of her reach. Her life changed about a year and a half ago, when she bought a ...

Among the many federal agencies with an “affordable housing” mission is the Agriculture Department’s Rural Housing Service (RHS). It was established in 1949 to provide housing assistance to poor ...

Alabama has received a $40 million chunk of a USDA loan program designed to help build needed public facilities in impoverished rural areas, with an Atmore-based bank designated as the conduit.