502 Direct Loan Program: this program helps low- and very-low-income applicants buy decent, safe, and sanitary housing in eligible rural areas by providing payment assistance to increase their applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.

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504 Home Repair Program: this program provides loans to very-low-income homeowners to repair, improve, or modernize their homes, or provides grants to elderly, very-low-income homeowners to remove health and safety hazards. (Grant Funding also available)

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Rural Development Anderson Office Contact Information:

kimberly.newman@usda.gov

864-844-8225