The U.S. Department of Agriculture (USDA) offers a variety of programs to help low to moderate-income individuals living in smaller towns or rural areas achieve homeownership. The Rural Housing program helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence. Check out the Rural Housing website for income limits.
Rural Housing Loans are an attractive option because:
Minimal closing cost
Low or no down payment
Most towns in Maine and New Hampshire Qualify
Rural Housing loans can be used toward the purchase of a previously owned home or a new construction. Families must be able to pay their monthly mortgage, homeowner's insurance and property taxes.
Find out if you qualify for an Rural Housing Loan by clicking here.
E-mail or call First Portland Mortgage Corp at 207-878-7770 ext. 1-24.
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