What does this program do?
This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.
Who may apply for this program?
What is an eligible area?
Check eligible addresses for the loan guarantees.
How may funds be used?
Funds backed by loan guarantees be used for:
My Lending Network Team, Southwest Funding LP 1110 N Loop 336 W Ste 400, Conroe, TX 77301
Southwest Funding, LP (Branch NMLS #303417) is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions. “NMLS Consumer Access”