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Single Family Housing Direct Home Loans in Indiana

First Time Homebuyers Homeownership Subsidy Returning Home Buyer Low to Moderate Income (LMI)

Type Of Program

Home Purchase Mortgage

Program distribution

Second Mortgage

Program Originator

U.S. Department of Agriculture

Program URL

https://www.rd.usda.gov/programs-services/single-family-housing-direct-home-loans

Location

Nationwide

Description

Section 502 Direct Loan Program

Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability.

Payment assistance is a type of subsidy that reduces the mortgage payment for a short time.
The amount of assistance is determined by the adjusted family income.

Find Homeownership Incentives

Single Family Housing Direct Home Loans in Indiana

Type Of Program

Program distribution

Program Originator

Program URL

Amount

Contact

Blocks

Location

Description

AMI Limit

AMI

Employer Participation Required

Must Earn Counseling Certificate

Eligibility Limitations

Cash Sale Permitted

Cosigner Permitted

Owner Financing Permitted

Must be Primary Residence

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email