Amazines Free Article Archive
www.amazines.com - Monday, December 09, 2019
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133321)
 Advice (160961)
 Affiliate Programs (34735)
 Art and Culture (73689)
 Automotive (145679)
 Blogs (75057)
 Boating (9840)
 Books (17218)
 Buddhism (4125)
 Business (1328592)
 Business News (426310)
 Business Opportunities (366264)
 Camping (10962)
 Career (72734)
 Christianity (15844)
 Collecting (11637)
 Communication (115054)
 Computers (241957)
 Construction (38997)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6567)
 Crafts (18204)
 Cuisine (7538)
 Current Affairs (20388)
 Dating (45780)
 EBooks (19687)
 E-Commerce (48204)
 Education (185249)
 Electronics (83498)
 Email (6392)
 Entertainment (159832)
 Environment (28937)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110900)
 Fashion & Cosmetics (196390)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310274)
 Fitness (106136)
 Food & Beverages (62868)
 Free Web Resources (7938)
 Gambling (30225)
 Gardening (25108)
 Government (10513)
 Health (629551)
 Hinduism (2205)
 Hobbies (44043)
 Home Business (91557)
 Home Improvement (251357)
 Home Repair (46134)
 Humor (4823)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29550)
 International Property (3485)
 Internet (190990)
 Internet Marketing (146336)
 Investment (22825)
 Islam (1167)
 Judaism (1356)
 Law (80489)
 Link Popularity (4591)
 Manufacturing (20842)
 Marketing (98777)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9479)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12674)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126625)
 Recreation & Leisure (95278)
 Relationships (87563)
 Research (16158)
 Sales (80322)
 Science & Technology (110221)
 Search Engines (23453)
 Self Improvement (153102)
 Seniors (6232)
 Sexuality (35942)
 Small Business (49286)
 Software (82995)
 Spiritual (23465)
 Sports (116081)
 Tax (7658)
 Telecommuting (34067)
 Travel & Tourism (307414)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11727)
 Website Design (56829)
 Website Promotion (36569)
 World News (1000+)
 Writing (35770)
Author Spotlight
CACEY TAYLOR

Im just a man who likes to be happy and see others happy. Im into home business, sports, family, and...more
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
OLEG KOBETS

Oleg has been providing SEO, Copywriting and Content Management services for 10+ years. For the last...more
ALFRED MEARS

Former English Teacher; Musician (20+ years); Freelance Writer ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more


Types of rural housing loans guaranteed by USDA by Vikram kumar






Article Author Biography
Types of rural housing loans guaranteed by USDA by
Article Posted: 11/12/2018
Article Views: 319
Articles Written: 10901
Word Count: 639
Article Votes: 0
AddThis Social Bookmark Button

Types of rural housing loans guaranteed by USDA


 
Finance & Investment
As many of us already know, the financial assistance programs under USDA have been the reason for uplifting of life and economy in the rural areas of America. It has not only helped to bring up hospitals, schools, community centres for people but has also given financial help through rural home loans to families who would wish to settle in the rural houses by making new homes or upgrading old ones. Rural housing loan from USDA has helped to give flight to the dreams of a lot of people who always wished to have a beautiful family life in rural America that has visually and aesthetically pleasing stretches of pastures.

USDA offers three types of loan programs for willing candidates. They are: -

Direct loans- The direct loans issued by USDA are meant for the low and very low-income families and to help them obtain safe and decent housing in rural areas. Section 502 has this direct rural housing loan program where low-income families can apply for direct loans and payment assistance to get access to decent housing. Payment assistance is a subsidy that lowers the mortgage payment for a short period in an attempt to provide financial help to the family.

• The applicant for this direct loan must have an income which is equal to or below the low-income limit for the area he or she is applying for. • The applicant must also be without safe and sanitary housing at the present.

• The applicant must show previous records of not getting loan from other traditional sources and have the willingness to repay this debt. • He or she must be a citizen of America and have the property being applied for as the primary residence.

• The property being financed under the direct loan must also be less than 2,000 square feet and its market value should be less than the applicable loan limit for the area. Single Family Housing Guaranteed Loan Program This single-family housing guaranteed loan program is meant for approved lenders who are given the assistance to provide low income families with loans to own or repair safe, decent, modest and sanitary housings. These rural home loans give loan guarantee to the lenders to make them help eligible rural borrowers in building new homes or relocating to a home by repairing it.

Single Family Housing Repair Loans and Grants These home loans are particularly given to homeowners to renovate or repair their existing homes. The Section 504 has this home repair program that provides monetary assistance to low income families or to elderly and disabled homeowners to help them repair or renovate their homes to maintain health and safety standards because they do not have the capability to provide for it themselves.

? The applicant for the loan must be the owner of the house and presently living in it. ? He or she must be unable to obtain home repair loan elsewhere from other sources. ? The income of the family must be 50% below the median income of the area. ? Grants shall be given only to elderly applicants above the age of 62. ? Grants will have to be repaid if the repaired property is sold off within a span of 3 years. ? The amount of loans and grants can be combined together to get assistance up to $ 27,500 in total. Otherwise, the maximum loan amount is $20,000 and the maximum grant amount is fixed at $7,500.

The primary objective of USDA is to improve the quality of life in rural America by providing financial assistance as much as possible through these rural home loans and home repair loan programs.

These helpful Rural Home Loans or Rural Housing Loan have actually given the financial support to a lot of families to live or relocate to the rural parts of America and improved their lives.

Related Articles - Rural Home Loans, Rural Housing Loan,







Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2019, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license