Home Loans, Wytheville Area Office

The USDA Rural Development may provide single family housing loans and grants to eligible families. Single Family Housing Programs provide homeownership opportunities to low- and moderate-income rural Americans through several loan, grant, and loan guarantee programs. The programs also make funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary.



Single Family Housing Direct Home Loans is a program also known as the Section 502 Direct Loan program.  This program assists low and very low income applicants to obtain safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant's repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.