USDA Expands Its Housing Refinance Program to 15 More States and the Commonwealth of Puerto Rico to Help Rural Homeowners Lower Mortgage RatesBy
Rural Development is the lead Federal agency that works to ensure that rural families have access to safe, well-built, affordable homes. In February 2012, the agency initiated a two-year, pilot refinancing program in 19 states hardest hit by the Nation’s housing downturn to help eligible USDA borrowers reduce their monthly housing costs.
Today, USDA announced that the program is expanding to include eligible rural residents in Puerto Rico, Alaska, Arkansas, Colorado, Idaho, Kansas, Missouri, Montana, North Dakota, Oklahoma, South Dakota, Texas, Utah, Washington, West Virginia and Wisconsin. Read more »