Section 502 Guaranteed Loan

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf government-backed mortgage loan program
gptkbp:administeredBy gptkb:United_States_Department_of_Agriculture
gptkbp:alsoKnownAs gptkb:USDA_Guaranteed_Loan
gptkbp:area rural areas
gptkbp:downPaymentRequirement no down payment required
gptkbp:eligibility applicant must be U.S. citizen or qualified alien
applicants must meet income limits
property must be located in eligible rural area
gptkbp:guaranteeFee upfront and annual guarantee fees apply
https://www.w3.org/2000/01/rdf-schema#label Section 502 Guaranteed Loan
gptkbp:insuredBy government guarantee to lender
gptkbp:lenderType private lenders approved by USDA
gptkbp:mainInterest negotiated between lender and borrower
gptkbp:maximumLoanAmount based on applicant's ability to repay and property value
gptkbp:purpose assist low- and moderate-income households to purchase homes in rural areas
gptkbp:targetUser purchase of primary residence
guaranteed loan
refinance of eligible existing loans
gptkbp:website https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
gptkbp:bfsParent gptkb:USDA_Home_Loan_Program
gptkbp:bfsLayer 6