March 18, 2015

Home-buying season is just around the corner, but saving enough money to qualify for a mortgage is one of, if not the, biggest barriers to buying a home. Through the 502 Direct Single Family Housing Loan program, USDA Rural Development helps low income individuals and families purchase a home with 100 percent financing. As homeownership grows, rural communities across Illinois are strengthened.
Heather and her husband had no idea where they would get the money for a down payment on a larger home for their growing family. They, and 240 other families around Illinois in FY2014, qualified for and purchased a home with 100% financing – a reality that would not have been possible for them without the Direct Single Family program.     Login or Subscribe to read the rest of this story.