Both the U.S. Department of Housing and Urban Development (HUD) and the Rural Housing Service of the U.S. Department of Agriculture offer loan guarantees to lending agencies around the country. A loan-guarantee assures the lending agency that the government will pay for the loan if you cannot. In addition, the Rural Housing Service has a direct loan program that provides loans to lower income families to buy, build, repair, renovate, or relocate their home. This is called the Section 502 Program. To investigate the programs available in your area, contact your local HUD office listed in the blue pages of your telephone book, or U.S. Department of Housing and Urban Development (HUD) , 451 7th Street, SW,Washington, DC 20410; 202-708-1112; www.hud.gov.
To find your local Rural Housing Service, look in the blue pages of your telephone book, or contact Single Family Housing Programs, USDA Rural Housing Service, Room 5037, South Building, 14th St. and Independence Ave., SW, Washington, DC 20250; 202-720-4323; www.rurdev.usda.gov/. In addition, you may contact your state housing office.
Income Eligibility: Family of 4 – $37,000. These income requirements are estimates only; you should check with your local office to verify eligibility as many programs have exceptions and the income amounts change often and vary from location to location.
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