In March we learned that USDA Rural Housing funds were expected to run dry by the end of April. Here is a quote from the story: "Every year USDA runs out of money for their fundings and normally you ...
Day by day, nail by nail, Austin Reese is hammering away at what will soon be his new home in the high country. Reese, who works for the Colorado State Forest Service’s Granby office, bought the home ...
The USDA failed to follow its own guidance for a rural mortgage program, taking years to foreclose on delinquent loans. As a result, 55 Maine borrowers racked up, on average, $110,000 in additional ...
USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase ...
USDA mortgages are aimed at borrowers buying in eligible rural areas. These loans come with lenient rules around credit scores and down payment requirements. USDA loans come with income limits that ...
Nearly all of the foreclosures filed by the USDA in recent months have targeted Maine’s poorest rural residents. (Photo illustration by Peter DiCampo/ProPublica. Source photos: Bangor Daily News.
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