Section 502 Direct Loan Program
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
government loan program
|
| gptkbp:administeredBy |
gptkb:USDA_Rural_Development
|
| gptkbp:downPaymentRequirement |
no down payment required
|
| gptkbp:eligibility |
construction of new homes
purchase of new or existing homes rehabilitation of homes repair of homes |
| gptkbp:fundedBy |
gptkb:government
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 502 Direct Loan Program
|
| gptkbp:mainInterest |
may be as low as 1% with payment assistance
|
| gptkbp:maximumLoanAmount |
33 years
38 years (for eligible applicants) applicant income must not exceed area median income |
| gptkbp:purpose |
assist low- and very-low-income applicants to obtain decent, safe, and sanitary housing in eligible rural areas
|
| gptkbp:relatedTo |
gptkb:Section_502_Guaranteed_Loan_Program
|
| gptkbp:requiredDocuments |
applicants must demonstrate ability to repay loan
|
| gptkbp:targetAudience |
low-income individuals and families
very-low-income individuals and families |
| gptkbp:targetUser |
direct loan
|
| gptkbp:website |
https://www.rd.usda.gov/programs-services/single-family-housing-direct-home-loans
|
| gptkbp:分布地区 |
rural areas
|
| gptkbp:bfsParent |
gptkb:Rural_Housing_Service
|
| gptkbp:bfsLayer |
5
|