THURSDAY, MAY 9, 2024
PROPERTY NEWS: USDA lowers interest rates on single family direct home loans & Squatter web site BELOW
The U.S. Department of Agriculture (USDA) announced that it has lowered the interest rates for its single family housing (SFH) direct home loan programs.
Section 502 SFH Direct rates are now 4.5 percent, SFH non program rates are now 5 percent and Section 524 rural housing site loans now have a 4.5 percent rate.
The Section 502 direct loan program, designed to assist low- and very low income applicants to obtain housing in eligible rural areas, provides payment assistance to increase an applicants repayment ability via a type of subsidy that can temporarily reduce the cost of a mortgage payment. The level of assistance is primarily determined by adjusted family income.
Rates are also being lowered by 0.125 percent on USDA’s Section 524 loans, which are made to acquire and develop sites for low or moderate income families, with no restriction as to the method of construction.
SOURCE: Chris Clow
FREE TIP, SERVICE OR PRODUCT: Squatter web site at https://ipropertymanagement.com/guides/how-to-evict-a-squatter
Motivational Quote of the Month
Success is walking from failure to failure with no loss of enthusiasm
Thank you for your time.
Mark Bordcosh
1281Solutions
http://1281homes.com/
http://1281solutions.com/
Toll Free Phone: 1-800-642-9949
Toll free Fax: 1-866-611-7634
E-mail: mark@1281solutions.com POSTED AT 7 AM UTC
The U.S. Department of Agriculture (USDA) announced that it has lowered the interest rates for its single family housing (SFH) direct home loan programs.
Section 502 SFH Direct rates are now 4.5 percent, SFH non program rates are now 5 percent and Section 524 rural housing site loans now have a 4.5 percent rate.
The Section 502 direct loan program, designed to assist low- and very low income applicants to obtain housing in eligible rural areas, provides payment assistance to increase an applicants repayment ability via a type of subsidy that can temporarily reduce the cost of a mortgage payment. The level of assistance is primarily determined by adjusted family income.
Rates are also being lowered by 0.125 percent on USDA’s Section 524 loans, which are made to acquire and develop sites for low or moderate income families, with no restriction as to the method of construction.
SOURCE: Chris Clow
FREE TIP, SERVICE OR PRODUCT: Squatter web site at https://ipropertymanagement.com/guides/how-to-evict-a-squatter
Motivational Quote of the Month
Success is walking from failure to failure with no loss of enthusiasm
Thank you for your time.
Mark Bordcosh
1281Solutions
http://1281homes.com/
http://1281solutions.com/
Toll Free Phone: 1-800-642-9949
Toll free Fax: 1-866-611-7634
E-mail: mark@1281solutions.com POSTED AT 7 AM UTC
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