The United States Department of Agriculture, the USDA, has a home loan program that might be helpful to you. In order for individuals to receive the loan, the household income must be at a certain level to be eligible. Also the home that you wish to purchase must be in an eligible rural area that is defined by the USDA.
The 502 loan is in place so that low income families have the opportunity to buy a home in a rural area. The funds that are received can be used to repair, build, relocate, renovate, purchase, and prepare a home site like adding sewage and water facilities.
There are some eligibility requirements for the loans. Applicants must be low or very low income. Very low income is defined as being below 50% of the area…
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