- Provider - USDA Rural Housing Service (A2), Direct Loan Program

Provider Details

USDA Rural Housing Service (A2), Direct Loan Program

Address: (See Map)

603-B Lakeland Rd
Shawano, WI 54166

Contact Information:

Phone: (715) 524-8522
Website: https://www.rd.usda.gov/wi
Email: SFHApplication@wi.usda.gov

Organization Contacts

Area Director Brad Hudson
Phone: (715) 524-8522
Email: RD.Shawano@wi.usda.gov

Description:

Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.

Applicants must:

Be without decent, safe and sanitary housing
Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet
Agree to occupy the property as your primary residence
Have the legal capacity to incur a loan obligation
Meet citizenship or eligible noncitizen requirements
Not be suspended or debarred from participation in federal programs
Properties financed with direct loan funds must:

Generally be 2,000 square feet or less
Not have market value in excess of the applicable area loan limit
Not have in-ground swimming pools
Not be designed for income producing activities
Borrowers are required to repay all or a portion of the payment subsidy received over the life of the loan when the title to the property transfers or the borrower is no longer living in the dwelling.

Service Categories

Conventional Home Loans, Home Rehabilitation Grants

Geographic Areas Served

  • Counties Vilas, Oneida, Lincoln, Florence, Forest, Langdale, Menominee, Shawano, Marinette, Oconto, Outagamie, Brown, Kewaunee, Door

Sites

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Organization Products and Services
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Last Update Date: 05/25/2020

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