USDA Rural Development loans
GPTKB entity
Statements (36)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
loan program
|
| gptkbp:administeredBy |
gptkb:United_States_Department_of_Agriculture
|
| gptkbp:alsoKnownAs |
gptkb:USDA_loans
gptkb:Section_502_loans |
| gptkbp:downPayment |
0%
|
| 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 |
low interest rates
no down payment required guaranteed by USDA |
| gptkbp:filingMethod |
up to 33 years
up to 38 years for very low income applicants |
| gptkbp:fundedBy |
site preparation
purchase of primary residence purchase of manufactured homes renovation of eligible property |
| https://www.w3.org/2000/01/rdf-schema#label |
USDA Rural Development loans
|
| gptkbp:insuranceRequirement |
guarantee fee required
|
| gptkbp:maximumLoanAmount |
varies by location and applicant qualifications
|
| gptkbp:prohibits |
investment properties
vacation homes income-producing property |
| gptkbp:purpose |
promote homeownership in rural areas
|
| gptkbp:relatedTo |
gptkb:USDA_Rural_Repair_and_Rehabilitation_Loans_and_Grants
gptkb:USDA_Single_Family_Housing_Direct_Home_Loans gptkb:USDA_Single_Family_Housing_Guaranteed_Loan_Program |
| gptkbp:requiredDocuments |
flexible credit guidelines
|
| gptkbp:targetAudience |
low- and moderate-income individuals
|
| gptkbp:targetUser |
Guaranteed loan
Direct loan |
| gptkbp:type |
government-backed loan
|
| gptkbp:website |
https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
|
| gptkbp:bfsParent |
gptkb:Ginnie_Mae
gptkb:USDA_loans |
| gptkbp:bfsLayer |
6
|