The latest USDA's Rural Casing Services (RHS) administers several housing mortgage and you can offer software to possess rural customers authorized according to the Casing Act regarding 1949. 20 The latest Area 502 unmarried-family direct and secured home loan software will be big family possession programs. As opposed to additional applications talked about within this statement, the fresh new RHS software has actually limitations on the income regarding qualified consumers.

Under the Area 502 lead loan system, new USDA produces fund to help you low- and also-low-income candidates (identified as having a full time income only 80% of one's urban area median income) to help them and get safe and affordable homes in eligible outlying areas. 21