- Provider - Rural Single Family Housing Direct Home Loans

Provider Details

Rural Single Family Housing Direct Home Loans

Address: (See Map)

5417 Clem’s Way
Rural Single Family Housing Programs
Stevens Point, WI 54482

Contact Information:

Phone: (715) 345-7611
Website: Click Here to Visit Our Website
Email: wi-rd-sfh-so@usda.gov

Organization Contacts

Program Director Lane kirsteatter
Phone: (715) 345-7611
Email: wi-rd-sfh-so@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.

For existing Section 502 direct and 504 borrowers who have received a payment moratorium related to COVID-19. The American Rescue Plan (ARP) Act of 2021 appropriated additional funds for Section 502 direct and 504 loans, to remain available until September 30, 2023. The focus will be to refinance existing Section 502 direct and Section 504 borrowers who have received a payment moratorium related to COVID-19. Beginning May 17, 2021, the Agency will accept applications from existing Section 502 direct and Section 504 loan borrowers, to refinance outstanding loans which have been in an approved COVID-19 moratorium. Details are available in the ARP Program Fact Sheet. Additional information for these borrowers, including a standardized application package, is available at https://pubmai.sc.egov.usda.gov/

Service Categories

Housing

Geographic Areas Served

  • Counties Portage

Sites

This organization has no sites

Organization Products and Services
This organzation has not listed any products or services.

Last Update Date: 11/14/2021

Request to Update Provider Information
Confirm Provider Information