Low interest home loans available from USDA
Thu, 09/03/2015 - 10:51am
The USDA Rural Development Agency is currently accepting applications for loans available to low-income families to buy, build, rehabilitate or improve homes located in rural communities with a population of 20,000 or less.
Faribault, Northfield and Owatonna are currently eligible areas as these communities are “grandfathered” into the program. The low-income limit varies by county and ranges from $51,050 - $65,800 for a four person household in Southeastern Minnesota.