Single Family Housing Direct Home Loans

USDA 502 Direct Loan Program

The USDA 502 Direct Loan Programs assists very-low to low-income families obtain fair access to housing in rural areas across the United States. USDA's Rural Development Office offers long-term financing options for housing loans ranging from 33 to 38 years depending on the applicant's eligibility. In order to apply for the 502 Direct Loan Program, eligible applicants must:

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


Diamond Investors