RURAL HOUSING SERVICE’S SECTION 502 RURAL HOMEOWNERSHIP DIRECT LOAN PROGRAM:  A GUIDE FOR APPLICANTS

Footnotes

¹Financing for repairs to mobile/manufactured homes is available only for those financed new by RHS.
²The Housing Assistance Council is updating the appeals guide. Contact HAC for availability information and cost.
³Those with incomes between 50.01 and 65 percent of median must pay 24 percent of income for PITI. (see Table 2)
⁴Actual Payment = #8 - #7 + #5.
⁵Title V of the Housing Act of 1949, as amended, provides these rights to borrowers under the 502 loan program, but they are not provided to borrowers under the guaranteed program.