usda section 502 direct loan

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA. Popular with first-time homebuyers, FHA home loans require lower minimum credit scores and down.

Housing Bubble and Real Estate Market Tracker – USDA Rural Development Reduces Interest. in the home mortgage interest rate for its Homeownership Direct Loan Program- 5.75%, down from 6%, effective January 1, 2007. The Section 502 direct loan.