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Get help buying a house for income qualified families and individuals
United States Department of Agriculture (USDA) Rural Development - New Mexico
Information Status
USDA Rural Development's Single Family Housing Direct Home Loans program (also known as the Section 502 Direct Loan Program) helps income qualified applicants obtain safe and sanitary housing in rural areas by providing loans with payment assistance to reduce the interest rate. The amount of assistance is determined by the adjusted family income and there is typically no down payment required.
Schedule
Eligibility Requirements
Must be without decent, safe, sanitary housing; be unable to obtain another loan; make the property a primary residence; have legal capacity to incur a loan; meet citizen/eligible noncitizen requirements; and be allowed to participate in federal programs.
ADA accessible
Yes
Citizenship Requirements
US citizen or permanent resident (Green Card Holder)
Cost Details
The amount of payment assistance offered is determined by the adjusted family income. There is typically no down payment required.
Cost or fees
Yes
states
New Mexico
What to do next
Click to visit link - https://eligibility.sc.egov.usda.gov/.../welcomeAction.do?pageAction=assessmentType
Visit the website for detailed income eligibility requirements.
Call 505-761-4950
Call to start the application process.
Locations
This opportunity does not have a location or its location is private. This opportunity can be accessed in New Mexico, USA.
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