•February 3, 2016•

Tax return and home-buying seasons are 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% financing. As homeownership grows, rural communities across Illinois are strengthened.

Nancy had no idea where she would get the money for a down payment on a home. She and 256 other families around Illinois in FY2015, qualified for and purchased a home with 100% financing – a reality that would not have been possible for them without the Direct Single Family Loan program.

Rural housing loan funds are also available for qualifying families and individuals to build or rehabilitate a modest home in rural areas.     Login or Subscribe to read the rest of this story.