RHS Loan Programs
- RHS Loan Programs:
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The U.S. Department of Agriculture offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. The Rural Housing Service (RHS) helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence. Both the purchaser and the home must qualify for this program.
Family income limts for purchasers are:-
Family size of 1 - 4 people = $74,000
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Family size of 5 or more people = $96,000
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Areas around Fayetteville that are eligible:
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All of Bladen, Hoke, Robeson, Harnett, Moore, and Johnston Counties
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Within Cumberland County; all areas except inside the city limits of Fayetteville and Spring Lake.
RHS Loans are an attractive option because of:
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Minimal closing costs
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Low or no down payment
RHS loans can be used toward the purchase of a previously owned home or new construction. Families must qualify based on credit and income.
Find out if you qualify for an RHS Loan. -
