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Section 502 Direct

Rural Housing Direct Loans are loans that are directly funded by the Government.   These loans are available for low- and very low-income households to obtain homeownership.  Applicants may obtain 100% financing to purchase an existing dwelling, purchase a site and construct a dwelling, or purchase newly constructed dwellings located in rural areas.  Mortgage payments are based on the household's adjusted income.  These loans are commonly referred to as Section 502 Direct Loans.

http://www.rurdev.usda.gov/HAD-Direct_Housing_Loans.html

 

Article List

# Item Title
1 USDA and Other Federal Agencies Extend Foreclosure Moratoriums for Homeowners
2 Section 502 Packaging Training for Nonprofit Housing Developers - Tampa
3 Register Now: Section 502 Packaging Training for Nonprofit Housing Developers - Glen Allen, VA
4 Register Now:Section 502 Packaging Training for Nonprofit Housing Developers - Nashville, TN
5 Section 502 direct - graduation (12/28/18)
6 Register Now: Section 502 Packaging Training in Kansas City, MO
7 USDA Proposes to Make "Income Banding" Permanent
8 Join HAC for affordable housing trainings in Atlanta
9 Materials Posted: Section 502 Overview and Upates (Webinar)
10 Section 502 final packaging rule to take effect in May
11 New Mortgage Disclosure Requirements from USDA
12 USDA clarifies TRID guidance for self-help packagers
13 FY 16 Funds Now Available for USDA Sections 502 and 504 Loans
14 USDA uses all Section 502 direct funds
15 USDA launches "all hands" effort to spend Section 502 direct
16 50 Years, 50,000 Homes
17 USDA RD Accepting Intermediary Applications
18 Always Improving, One Misstep at a Time
19 USDA releases final rule for Section 502 loan packaging
20 USDA shares plans to speed up 502 direct loan processing
21 Money Magazine uses HAC research in article focused on USDA 502 loan product
22 USDA Speeds Processing of Section 502 Direct Loans
23 Homeownership Direct Loan Program (Section 502)
24 Regs Proposed for Packaging Sec. 502 Direct Loans
25 HAC News: March 21, 2013
26 USDA's Self Help Housing Program Supports Rural Minority Homeownership (Sections 502 & 523)
27 Very Low-Income Loan Obligations Within USDA’s Section 502 Direct Homeownership Loan Program
28 Self-Help Housing (Section 502)
29 Programa de préstamos directos para viviendas del USDA (Sección 502)
 
 
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