Monday, November 3, 2008

Funding For Home Ownership And Repairs

Rural Development, USDA, can make the dream of owning a home come true. The agency has loan funds available for low and very low income applicants to finance the purchase and construction of a home. No down payment is required and subsidy may be made available to reduce the amount of your house payment. If you presently own your home and you have a very low income, USDA, Rural Development also has a home repair loan program at a 1% interest rate. These loans are available in Cass, Aitkin and Crow Wing Counties from the Baxter, Minnesota office. For more information, call 218-829-5965. Written inquiries should be sent to Rural Development, 7118 Clearwater Road, Baxter MN 56425.

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