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Posts tagged: Direct home loan program

Home for the Holidays: A Pennsylvania Mom’s Story

Misty Allen (right), her daughter Deanna and puppy Odysseus are ready for family and friends to share the holidays in their new home. (USDA photo)

Misty Allen (right), her daughter Deanna and puppy Odysseus are ready for family and friends to share the holidays in their new home. (USDA photo)

A year ago this week, Misty Allen and her daughter Deanna came home to the American Dream they thought would forever be out of reach.

“It was magical!” said Allen. “This house is more than I could ever have asked for. I never imagined I could have a three-bedroom house for less than I was paying in rent.”

Flooded out of their most recent apartment and facing a significant rent increase to offset repairs, Allen learned about Rural Development’s 502 Direct Home Loan Program through her local Realtor. Just before Christmas, she and Deanna settled into their picturesque Athens, Pa., neighborhood, their new puppy Odysseus joining Loki, the mischievous German Shepherd, in the mix. Read more »

USDA Redoubles Efforts to Provide Safe, Affordable Housing on a South Dakota Reservation

Crow Creek MOU signing – Pictured left to right are Bruce Jones,  USDA Rural Development Acting Housing Director; Brandon Sazue Sr., Crow Creek Sioux Tribal Chairman;  Leeann Piskule, Crow Creek Housing Authority Residential Services Coordinator; Paula Corcoran,  USDA Rural Development Loan Specialist; Lori Moen, GROW South Dakota Chief Operating Officer; Ronnette Kirkie-Walton, Crow Creek Housing Authority Acting Chief Executive Officer; Terry Abernathy,  Crow Creek Sioux Tribal Secretary; and Wayne McGhee Crow Creek Sioux Tribal Councilman.

Crow Creek MOU signing – Pictured left to right are Bruce Jones, USDA Rural Development Acting Housing Director; Brandon Sazue Sr., Crow Creek Sioux Tribal Chairman; Leeann Piskule, Crow Creek Housing Authority Residential Services Coordinator; Paula Corcoran, USDA Rural Development Loan Specialist; Lori Moen, GROW South Dakota Chief Operating Officer; Ronnette Kirkie-Walton, Crow Creek Housing Authority Acting Chief Executive Officer; Terry Abernathy, Crow Creek Sioux Tribal Secretary; and Wayne McGhee Crow Creek Sioux Tribal Councilman.

Recently, Crow Creek Sioux Tribal Chairman Brandon Sazue Sr.  joined USDA Rural Development Acting Housing Director Bruce Jones and Lori Moen, Chief Operating Officer for GROW South Dakota (GROW) in the signing of a Memorandum of Understanding that will streamline the process towards increased homeownership on the Crow Creek Indian Reservation.  “What we do today can make a difference for tomorrow.  By working together, we support the betterment of our Tribe as we know housing is much needed on our Reservation” said Chairman Sazue Sr. Read more »

Colorado Resident Achieves Homeownership Dream Twice with Support From USDA

Colorado native and local business owner Bruce Longwell at his Durango, CO home on July 17, 2012. Mr. Longwell financed the single-family house with a U.S. Department of Agriculture (USDA) Rural Development (RD) Housing Assistance loan. This provided lower monthly payments than his prior rental home. Homeownership provides potential gains through home equity. USDA photo by Lance Cheung.

Colorado native and local business owner Bruce Longwell at his Durango, CO home on July 17, 2012. Mr. Longwell financed the single-family house with a U.S. Department of Agriculture (USDA) Rural Development (RD) Housing Assistance loan. This provided lower monthly payments than his prior rental home. Homeownership provides potential gains through home equity. USDA photo by Lance Cheung.

Homeownership became a reality twice for Bruce Longwell, thanks to USDA Rural Development.  Twice has Longwell been able to purchase a home through the USDA Direct Home Loan Program. Read more »

It’s Never Too Late to Start a New Beginning

Just ask eighty-six year old Rita Fincher in Park Hills, Missouri and she will tell you it is never too late to start a new beginning.

After raising ten children in a mobile home, her current dwelling was literally falling in around her when her children and grand children came to the rescue.  One of the grandsons was in the real estate business and learned of a vacant home that had been foreclosed and owned by a local bank.   With the help of the USDA Rural Development direct home loan program she applied through the Farmington, Missouri office and was determined eligible.  The house was structurally sound but needed lots of tender loving care.  With some financial help from the local bank and USDA Rural Development, her family, church friends, and neighbors made the needed repairs and improvements. Read more »