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Section 502 Direct Home Loan Loan Program - Ohio | Ohio Department Of Agriculture - Rural Development

200 North High Street, 5th Floor, Columbus, OH 43215

Eligibility

Ohio residents qualifications: - Be without decent, safe and sanitary housing - Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet - Agree to occupy the property as your primary residence - Have the legal capacity to incur a loan obligation - Meet citizenship or eligible noncitizen requirements - Not be suspended or debarred from participation in federal programs. Other guidelines may apply.

Required documents

Hours

Mon-Fri 8am-5pm.
https://www.rd.usda.gov/oh

Application process

Call 614-255-2400 for information or visit website at www.rd.usda.gov/oh for more details on loans.

Fees

None.

Service area

Noble County, Ohio
Guernsey County, Ohio
Athens County, Ohio
Monroe County, Ohio
Coshocton County, Ohio
Marion County, Ohio
Knox County, Ohio
Pickaway County, Ohio
Wyandot County, Ohio
Licking County, Ohio
Washington County, Ohio
Crawford County, Ohio

Description

Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.

Data provided by

211 Pathways

Providing organization

Ohio Department Of Agriculture - Rural Development

Works to improve the economy and quality of life in rural America. Through our programs, we help rural Americans in many ways. We offer loans, grants and loan guarantees to support essential services such as housing, economic development, health care, first responder services and equipment, and water, electric and communications infrastructure throughout the State of Ohio..