Northwest Iowa — Owning your own home is the American Dream, and that dream is getting cheaper for some folks here in northwest Iowa. Home mortgage rates from the U-S-D-A’s Rural Development Agency have dropped to just 2.875%.
Krista Mettscher, a rural housing specialist with the agency, says there are income and other limits with the low rate, but even those with credit issues could qualify.
Mettscher says some people could find even lower rates.
The program is available in most rural communities in our area.
To see if your address is eligible, click here.