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U.S. Agriculture Department has home ownership, home repair programs available

The United States Department of Agriculture has housing programs available to help low income people with financial assistance so they can become homeowners and they also offer another program that allows very low income homeowners to make repair...

The United States Department of Agriculture has housing programs available to help low income people with financial assistance so they can become homeowners and they also offer another program that allows very low income homeowners to make repairs to their homes.

USDA/Rural Development's direct housing program offers 100 percent financing to qualified applicants. You may purchase a new home, existing home or construct a new home. The payments for these loans are based on household income and the loans are made with a subsidy provision to make the payments affordable. To qualify, you must meet Rural Development's income limits, have adequate and dependable income, have an acceptable credit history, be unable to obtain sufficient credit from other sources and you must show repayment ability for the loan requested.

The repair program is a low interest (1 percent APR) loan. These funds may be used to make repairs to your home, installing essential features or to remove health and safety hazards. The loans are based on repayment ability and you have an acceptable credit history.

You may call Rural Development for more information on any of the above programs at 218-720-5330, Ext. 4, or stop in at 4850 Miller Trunk Highway, Duluth, MN 55811. You may also visit www.rurdev.usda.gov/mn .

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