USDA offers low interest rate single family housing loans
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.
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