Rural Housing Loan Program

Best-Kept Secret in Rural Housing
The U.S. Department of Agriculture Rural Housing Service's Section 502 direct loan program is a longstanding loan product that's intended to help relatively low-income households get safe and affordable financing. The agency has the flexibility to make loans to lower-income households because it makes the loans directly rather than through a lender as a guaranteed loan. The agency's director, Cathy Glower, came to the National Association of REALTORS®' offices in Washington, D.C., last week to talk about the opportunities that many rural home buyers might be missing out on because of the program's low profile, read more.