The USDA Section 502 Direct Loan Program provides direct financing to low- and very-low-income borrowers to purchase, build, or repair a primary residence in eligible rural areas. The program offers 100% financing (no down payment required) plus payment assistance that reduces interest rates as low as 1% based on adjusted family income, making homeownership accessible for underserved rural households.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on USDA Single Family Housing Direct Home Loans: what it is, who it is for, what the program sets and what your lender sets, where it applies and how to apply. Based on program data from August 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.