USDA Guaranteed Loan

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf loan program
gptkbp:administeredBy gptkb:United_States_Department_of_Agriculture
gptkbp:alternativeName gptkb:Section_502_Guaranteed_Loan
gptkbp:application U.S. citizen or eligible non-citizen
acceptable credit history
stable income
gptkbp:downPaymentRequired no
gptkbp:eligibility must be in eligible rural area
gptkbp:filingMethod 30 years fixed rate
gptkbp:guarantees gptkb:US_federal_government
https://www.w3.org/2000/01/rdf-schema#label USDA Guaranteed Loan
gptkbp:insuranceFee upfront and annual guarantee fee
gptkbp:lenderType approved private lenders
gptkbp:mainInterest negotiated between borrower and lender
gptkbp:maximumLoanAmount varies by location and household size
no set maximum, based on ability to repay
gptkbp:purpose assist low- and moderate-income homebuyers in rural areas
gptkbp:requiredDocuments flexible
gptkbp:targetAudience rural residents
gptkbp:targetUser purchase, build, rehabilitate, improve, or relocate a dwelling
gptkbp:type mortgage loan
gptkbp:website https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
gptkbp:bfsParent gptkb:Section_502_Guaranteed_Loan
gptkbp:bfsLayer 7