USDA Rural Development Loan

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf loan program
gptkbp:administeredBy gptkb:United_States_Department_of_Agriculture
gptkbp:alsoKnownAs gptkb:Section_502_loan
gptkb:USDA_loan
gptkbp:eligibility applicant must be U.S. citizen or permanent resident
applicant must meet income limits
property must be in eligible rural area
gptkbp:feature fixed interest rate
competitive interest rates
no down payment required
reduced mortgage insurance costs
no prepayment penalty
can be used for eligible repairs and improvements
can be used for new or existing residential property
gptkbp:guarantees gptkb:USDA_Rural_Housing_Service
https://www.w3.org/2000/01/rdf-schema#label USDA Rural Development Loan
gptkbp:maximumLoanAmount 30 years
gptkbp:program gptkb:Single_Family_Housing_Direct_Home_Loans
gptkb:Single_Family_Housing_Guaranteed_Loan_Program
gptkbp:purpose assist low- and moderate-income households to purchase homes in rural areas
gptkbp:type government-backed mortgage
gptkbp:website https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-guaranteed-loan-program
gptkbp:bfsParent gptkb:USDA_Home_Loan_Program
gptkbp:bfsLayer 6