Why 502 Homeownership loans?
No down payment required
Alternative credit analysis
Interest rates as low as 1%
Payment assistance available
Affordable monthly payments
USDA Rural Housing 502 Direct Loans are loans that are directly funded by the federal government. Mortgage payments and eligibility are based on the household’s adjusted income.
FINANCING PLANS AVAILABLE
Getting a 502 loan provides an opportunity to own your home and build equity for the future. We offer financing options for customers with fixed incomes, those who are self-employed, and the working class.