Direct and Guaranteed Loans to Finance Rural Housing

The economic stimulus legislation currently being debated by Congress contains signficant funding for both Section 502 direct loans and Section 502 loan guarantees. The two programs, administered by the Rural Housing Service, provide low-interest loans or loan guarantees to help low- and very low-income families living in rural areas finance home purchases.

For a detailed description of how each of the Section 502 programs operates, click on the attached PDF documents.