KEYC-TV: New USDA funding for buying, repairing rural homes

EXCERPT: “New funding is available from the U.S. Department of Agriculture for low-income people seeking to buy or repair rural homes. The Direct Home Loan Program helps those who are unable to qualify for traditional financing. It’s available in rural communities of generally 35,000 people or less. No down payment is required, and the interest rate could be as low as one percent with a subsidy. The maximum loan amount is $40,000 at one percent, repayable for a 20-year term. The money can be used for home repairs and upgrades. Homeowners 62-and-older can also get up to $10,000 to remove health and safety hazards.” FULL STORY: