RURAL HOME LOANS (DIRECT PROGRAM)

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THIS LOAN PROGRAM ASSISTS LOW AND VERY LOW INCOME APPLICANTS TO OBTAIN DECENT,SAFE AND SANITARY HOUSING IN ELIGIBLE RURAL AREAS BY PROVIDING PAYMENT ASSISTANCE TO INCREASE AN APPLICANT’S REPAYMENT ABILITY. PAYMENT ASISTANCE IS A TYPE OF SUBSIDY THAT REDUCES THE MORTGAGE PAYMENTS AND THE AMOUNT OF THAT ASSISTANCE IS DETERMINED BY THE ADJUSTED FAMILY INCOME. A NUMBER OF FACTORS ARE CONSIDERED WHEN DETERMINING AN APPLICANT’S ELIGIBILTY FOR THE SINGLE FAMILY DIRECT HOME LOANS. AT A MINIMUM, APPLICANTS INTERESTED IN OBTAINING A DIRECT LOAN MUST HAVE AN ADJUSTED INCOME THAT IS BELOW THE APPLICABLE LOW-INCOME LIMIT FOR THE AREA WHERE THEY WISH TO BUY A HOUSE AND THEY MUST DEMONSTRATE A WILLINGNESS AND ABILITY TO REPAY DEBT. THIS IS A 100% LOAN.  PROGRAM IS GREAT IN HELPING YOUNG FAMILIES STARTING OUT OR A RETIRED COUPLE OR INDIVIDUAL TO OBTAIN MODEST AND AFFORDABLE  HOME. THIS PROGRAM IS ALSO GOOD FOR SINGLE PARENT OPERATING ON A MODEST INCOME. PICK UP AN APPLICATION FROM THE USDA OFFICE LOCATED IN PONTIAC OR STOP BY PANNO REALTY FOR AN APPLICATION.  RICK L. CAMPBELL 815-579-2301. LISA MARTIN 815-674-4007 JULIE  GSCHWENDTNER 815-867-1257 .PETER MARTIN  815-419-  7020  FRANK PANNO 815-844-6771

Panno Realty
405 West Madison Pontiac, IL 61764 US
Phone: 815-844-6771 Website: http://www.pannorealty.com
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