Reviews
Apply for the Single Family Housing Guaranteed Loan Program: find out how
Find out how you can apply for a loan that has already helped several needy families to realize their dream of owning a home through loans with excellent interest rates.
Advertisement
by José Gonçalo
Renovate your home or make your dream of home ownership come true
Apply to the Single Family Housing Guaranteed Loan Program and access loans to renovate or build your dream home. This program will grant you a low-interest loan.
Next, learn about the eligibility criteria. Also, how to request this help to improve your family’s quality of life. Are you ready to get started? Let’s go!
Who is eligible for the program?
The Single Family Housing Guaranteed Loan Program can greatly help those who need it. However, rural families must meet three basic criteria to qualify. Check it out below!
You will be redirected to another website
Agree to occupy the property as your primary residence
The family must occupy the house built or renovated with the help of this program as their primary residence. So, under no circumstances may it be used as a “holiday home” or made available for rent.
Income cannot exceed 115% of the median household income
The average household income is recalculated each year. In 2022, the median federal income for the calculation was $78,595.
Thus, a family must have a maximum annual income of $90,384 (115% of the median income).
Be a U.S. citizen, non-US citizen, or qualified alien
To qualify for this program, you must be American and a naturalized citizen. Also, you’ll need a fixed residence can request to participate in this project.
What documents do you need to provide?
Each creditor accredited to participate in the program is free to define the documents it will request.
Thus, to obtain information about these requirements, you must go to a participating credit agency and apply.
Single Family Housing Guaranteed Loan Program application
The lenders are directly responsible for the loan amount provided through this program. Thus, they are also responsible for each application stage according to internal regulations.
However, only federally licensed lenders can offer this type of service. So, checking which ones are available in your state is important.
Remember to consult the list available on the official website of the U.S.D.A. This way, you can guarantee this information came from a reliable source.
Find other assistance programs: V.A. Survivors Pension
Army veterans and their families can count on federal financial assistance in financial difficulty.
This project provides a continuous and indefinite financial pension. However, only veterans, widows, or their children can count on the V.A. Survivors Pension.
Do you want to learn more about this program? Then read the following article and find out how to apply for it.
Apply for the VA Survivors Pension: find out how
Apply to VA Survivors Pension, which guarantees military veterans more quality of life and financial aid. Keep reading and learn more.
José Gonçalo
Trending Topics
Euro has reached parity with the dollar for the first time in 20 years
The euro and the dollar are at parity value. Understand how to take advantage of this context and why it can be dangerous for the economy.
Keep ReadingWells Fargo Reflect℠ Card full review: should you get it?
The Wells Fargo Reflect℠ Card has $0 annual fees and offers many benefits to its cardholders, such as insurance and more! Learn all about it!
Keep ReadingHow to choose a bank: know the best option for your finances
Not knowing how to choose a bank can cost you a lot of money and good opportunities. To learn more about this, read on!
Keep ReadingYou may also like
First Digital Mastercard®: check out how to apply!
Apply for the First Digital Mastercard® to get an opportunity to build your credit even with a low score. Learn more!
Keep ReadingAlaska Airlines Visa® Credit Card full review: should you get it?
Alaska Airlines Visa® Credit Card is the frequent flyer program credit card that can take you to the world for free! Find out how here!
Keep Reading5 tips on how to improve your financial literacy
5 steps to improve financial literacy and be better able to manage your own finances without generating debt. Read on to get started today.
Keep Reading