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502 Direct Loans: Best-kept Rural Housing Secret | www.nar. – Section 502 direct loans from the federal Rural Housing Service are not as well-known as sec. 502 guaranteed loans, but for lower-income home buyers in rural areas the loans could make home ownership possible. The loans go to households earning as low as 50 percent of the area median income.
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PDF 2018 President's Budget – USDA – 2018 President’s Budget Rural Housing Service . Contents .. Section 502 sfh direct loan program. Authorized by the Housing Act of 1949, as amended, fixed-interest direct. housing, and to buy and improve the land on which the buildings are to be located.
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The Rural Development loans is also sometimes called a "Section 502" loan, which is refering to section 502(h) of the Housing Act of 1949, which makes the program possible.
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USDA RD Section 502 Direct Loans : RealEstate – reddit – Financing USDA RD Section 502 Direct Loans (self.RealEstate) submitted 5 years ago by ben_4265. I just got approved for $203,00 through the usda section 502 Direct loan program. The loan is a 33 year term with an interest rate of 3.125%. The interest rate will be subsidized to 1% because I meet.