Homeowners Information Guide - English version.All application items listed in Attachment 12-E Checklist.Form RD 3550-4, Employment and Asset Certification.Form RD 410-4, Uniform Residential Loan Application.Very-low income homeowners in rural areas interested in applying for the repair program (preferably after going through the prequalification process as described above) can contact their local Rural Development office and provide the following documentation: Form RD 3550-1, Request for Information.Form RD 3550-35, Section 504 Home Repair Loan and Grant Program Intake Form.To start, potential applicants can contact their local Rural Development office and provide the following documentation: Prior to applying, potential applicants are encouraged (but are not required) to go through an informal prequalification process to determine if the repair program may be a good fit for them. By doing so, any state specific forms and resources will be shown above this note. NOTE: Please select your state using the "Select your location" menu above. NOTE: Because citations and other information may be subject to change, please always consult the program instructions listed in the section above titled "What Governs this Program?" Applicants may also contact your local office for assistance. It strengthens communities and helps many kinds of businesses that support the local economy. Homeownership helps families and individuals build savings over time. Helping people stay in their own home and keep it in good repair helps families and their communities. HB-1-3550 - Direct Single Family Housing Loans and Grants Field Office Handbook.The Housing Act of 1949 as amended, 7 CFR Part 3550.Who can answer questions and how do I get started?Ĭontact a USDA home loan specialist in your area Talk to a USDA home loan specialist in your area for help with the application Applications for this program are accepted through your local RD office year roundĪpproval times depend on funding availability in your area.Grants must be repaid if the property is sold in less than 3 years.Grants have a lifetime limit of $10,000.Full title service is required if the total outstanding balance on Section 504 loans is greater than $25,000.Loans and grants can be combined for up to $50,000 in assistance.Grants must be used to remove health and safety hazards.Loans may be used to repair, improve or modernize homes or remove health and safety hazards.Utilizing the USDA Eligibility Site you can enter a specific address for determination or just search the map to review general eligible areas. Have a household income that does not exceed the very low limit by county.Be unable to obtain affordable credit elsewhere.RBCS How-To Apply Video Series for ApplicantsĪlso known as the Section 504 Home Repair program, this provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.FPEP Environmental Review Comment Submissions.Program Compliant Processing and Resolution Branch.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |