The United States Department of Agriculture (USDA) Rural Development program will be presenting a housing fair in Upper Lake, CA. The fair is set to begin at 11 AM, Habematolel Pomo of Upper Lake Community Room, 9460 Main St., Upper Lake, per Lake County News.
Since 2008, more than 500 households has received information on these programs. The Spanish or English programs served over 100 attendees on March 16 alone.
So far, 35 households and families have closed on loans. Others have certificates of eligibility which allows them to purchase or build. Some of those already are under construction or are in escrow.
The program is available in states across the country, but certain criteria for population, income and other requirements exist. HUD Code manufactured homes that have a qualified installation are eligible.
Highlights of the Rural Development loan programs include:
- no down payment,
- no mortgage insurance,
- and interest rates as low as 1 percent for eligible buyers.
- Loans are available to all individuals and households that meet criteria such as income levels, credit scores, and stable income.
To learn more, contact your area(s) USDA office for details, or check out the article from MHLivingNews by a USDA professional, below the byline and notices.
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