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Posts tagged: Direct home loan program

Colorado Resident Achieves Homeownership Dream Twice with Support From USDA

Colorado native and local business owner Bruce Longwell at his Durango, CO home on July 17, 2012. Mr. Longwell financed the single-family house with a U.S. Department of Agriculture (USDA) Rural Development (RD) Housing Assistance loan. This provided lower monthly payments than his prior rental home. Homeownership provides potential gains through home equity. USDA photo by Lance Cheung.

Colorado native and local business owner Bruce Longwell at his Durango, CO home on July 17, 2012. Mr. Longwell financed the single-family house with a U.S. Department of Agriculture (USDA) Rural Development (RD) Housing Assistance loan. This provided lower monthly payments than his prior rental home. Homeownership provides potential gains through home equity. USDA photo by Lance Cheung.

Homeownership became a reality twice for Bruce Longwell, thanks to USDA Rural Development.  Twice has Longwell been able to purchase a home through the USDA Direct Home Loan Program. Read more »

It’s Never Too Late to Start a New Beginning

Just ask eighty-six year old Rita Fincher in Park Hills, Missouri and she will tell you it is never too late to start a new beginning.

After raising ten children in a mobile home, her current dwelling was literally falling in around her when her children and grand children came to the rescue.  One of the grandsons was in the real estate business and learned of a vacant home that had been foreclosed and owned by a local bank.   With the help of the USDA Rural Development direct home loan program she applied through the Farmington, Missouri office and was determined eligible.  The house was structurally sound but needed lots of tender loving care.  With some financial help from the local bank and USDA Rural Development, her family, church friends, and neighbors made the needed repairs and improvements. Read more »