Statewide Iowa — People with low incomes in rural areas of Iowa are eligible for a home loan at a favorable rate, directly from the USDA.
We talked with USDA Rural Development State Director Theresa Greenfield about the USDA Direct Home Loan programs. She breaks it down for us.
Greenfield tells us that the loans that they offer cover the entire cost of the home. She says they can also help low-income individuals make repairs to their homes.
Greenfield clarifies that just because the word “rural” is in the name, it doesn’t mean that the home has to be out in the country. She says homes in communities with fewer than 20,000 people are eligible.
That phone number again is 515-284-4444, and you can find out more by clicking here.
