USDA Needs Your Help Identifying Housing Loan Applicants

USDA Rural Development needs your assistance helping 100 low income and working class families purchase a home or make home repairs by October 1. USDA currently has single family direct loan funding and housing repair loan funding available. USDA Rural Development State Director Ted Brady has set a goal of making 100 new single family direct housing loans and housing repair loans before the end of the fiscal year. Loan specialists and technicians are working extended hours in an effort to expedite loan obligations before the end of the federal fiscal year. The direct loan program is ideal for low income families – with annual income below approximately $60,000* – considering a home purchase. The direct loan program has many advantages:

  1. No down payment required

  2. No private mortgage insurance

  3. No first-time homebuyer requirement

  4. Low fixed interest rate of 3.5 percent

  5. Subsidized interest rate of 1 percent for very low income families

  6. 33 year term (38 for very low income applicants)

  7. Direct underwriting with a professional and motivated USDA staff member

Home owners with income below 50 percent of the median area household income – approximately $35,000* – may be eligible for a 20 year, 1 percent, fixed-interest rate repair loan to fix foundations, wells, septic tanks, roofs, HVAC systems, energy efficiency repairs, renewable energy installations, electrical work, and much more. Please contact the USDA Rural Development Area Office near you for further infomation or an application package. Visit or contact one of the following staff members. In New Hampshire Coos, Grafton and Carroll Counties: Theresa Zowasky (603) 447-3318 x200 Central and Southern New Hampshire: Roseanna Woodin (603) 223-6035 In Vermont Addison, Caledonia, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans, and Washington Counties: Karen Anthony (802) 828-6005 Bennington, Rutland, Windham, and Windsor Counties: Rosemary Saunders (802) 257-7878 x108


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