USDA Section 502 Direct Home Loan Program

USDA Section 502 Direct Home Loan Program es una primera hipoteca para compradores de vivienda en Statewide, New Hampshire, a cargo de USDA Rural Development - Rural Housing Service. The USDA Section 502 Direct Home Loan Program provides direct mortgage financing to low- and very-low-income households buying a home in eligible rural areas of New Hampshire, with no down payment typically required. USDA provides payment-assistance subsidy that can reduce the effective interest rate to as low as 1%. Terms run up to 33 years (38 for qualifying very-low-income borrowers), and the subsidy is subject to recapture when the home is sold or the borrower moves out. No down payment typically required. Payment-assistance subsidy reduces effective rate to as low as 1%. Long repayment terms (up to 33-38 years). Serves low- and very-low-income rural buyers. Direct loan from USDA. Los fondos provienen de USDA Rural Development direct loan funds (Housing Act of 1949; 7 CFR Part 3550).

USDA Section 502 Direct Home Loan Program es una primera hipoteca y se reembolsa según los términos que fija USDA Rural Development - Rural Housing Service. El reembolso se activa por Borrowers must repay all or a portion of the payment-subsidy received over the life of the loan when title transfers or the borrower no longer lives in the dwelling (subsidy recapture). La ayuda se registra con un gravamen en posición First. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

USDA Section 502 Direct Home Loan Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Ciudadanía o situación migratoria: Must meet U.S. citizenship or eligible-noncitizen requirements. Must buy in a USDA-eligible rural area and meet county low-income limits. Applicant must lack decent/safe/sanitary housing, be unable to obtain credit elsewhere on reasonable terms, occupy the home as primary residence, and meet citizenship requirements. Note interest rate (5.00% effective May 1, 2026) is before payment-assistance subsidy. Applicants with assets above USDA limits may be required to use a portion toward the purchase.

USDA Section 502 Direct Home Loan Program fija su límite de ingresos así: Applicant's adjusted income must be at or below the applicable low-income limit for the county where the home is located (limits vary by county and household size; published in the USDA Direct Loan income-limit map / Appendix 9). El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

USDA Section 502 Direct Home Loan Program limita el precio de compra así: Property market value may not exceed the applicable USDA area loan limit for the county. Los tipos de propiedad elegibles incluyen Single Family. La construcción nueva es elegible.

USDA Section 502 Direct Home Loan Program atiende a compradores de vivienda que compran en Statewide, New Hampshire. El programa se dirige a áreas específicas: Available only in USDA-designated eligible rural areas (check the USDA eligibility site by address).

Las solicitudes de USDA Section 502 Direct Home Loan Program se tramitan a través de USDA Rural Development - Rural Housing Service, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Applications accepted year-round through the local USDA Rural Development office (NH served via the Vermont/New Hampshire State Office); processing depends on funding availability. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.