Definition
USDA Rural Housing Service program providing zero-down mortgages to low-income rural households.
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Section 502 loans serve rural households in eligible areas with limited incomes. Loans feature favorable rates and 100% financing. Program requires income limits and rural eligibility. Loans are relatively affordable for qualifying rural residents.
Pro Tip
Section 502 loans available to qualifying rural residents; check eligibility and area requirements.
Example
USDA Section 502 loan providing zero-down financing to rural household earning below income limit.