Wednesday, July 18th 2018

Question

What is a rural loan?

Interesting Question?   (3)   (29)



Answers (1)

19th Nov 2009 by Burt Carlson

The rural loan program is sponsored by the US Department of Agriculture Rural Housing Services (RHS) and is designed to make home ownership more affordable for borrowers in rural communities. Its features include;
No down payment,
No minimum credit score,
No mortgage insurance,
30 year fixed rate loan at market rates,
No reserves are required.

The property to be purchased must be in a designated rural area and the borrower (s) must meet RHS income guidelines.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



17th Nov 2009 In Finance 1 Answers | 585 Views

Answer This Question / Give Your Opinion
What is a rural loan?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What is telegraphic remittance?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What is telegraphic remittance?
Unanswered Questions in Finance
What is series b funding
How do credit bureaus determine your credit score?
What is a covered loan?
what is the reverse repo rate?
What are the different types of credit cards available?

Answered Questions in Finance
How to get car finance?
How to raise capital for a hedge fund?
What is mortgage financing?
What is a hard money lender?
How to finance an investment?
Ask A Question
Get opinions on what you want to know:
Specific to any country?