LIVE VIDEO: Mornings with Fox 43    Watch
 

USDA to offer information about rural home loans

8:23 AM, Dec 4, 2012   |    comments
AP
  • Share
  • Print
  • - A A A +

CLARKSVILLE, Tenn. (AP) -- The U.S. Department of Agriculture is holding a meeting in Clarksville for people who are interested in learning more about the agency's federal rural development home loan programs.

A homeownership specialist will be at the USDA Farm Service Agency at 2543 Madison St. in Clarksville all day Tuesday.

Rural development home loans can be made without a down payment, and eligible applicants may qualify for financing up to 100 percent of the appraised value.

Loans are typically made for 33 years at a fixed interest rate. Eligibility is based on family income and varies by county. For example, a family of four living in Montgomery County with an adjusted income up to $43,000 may qualify. Staff members will help applicants calculate their adjusted household income and complete an application.

Most Watched Videos