Helping people into housing

USDA Rural Development offers low-interest, income-based loans for those looking for housing

Residents in Carbon County are eligible for United States Department of Agriculture (USDA) low-interest home loans, if they meet the income eligibility requirements, according to the state director of rural development.

State Director of USDA Rural Development Glenn Pauley spoke to the Saratoga Sun on Friday about the low-interest loan program.

“We have a low-interest loan at 4.625 percent and if the income is low enough, it can go down to 1 percent,” Pauley said.

The terms are typically for 33 to 38 years and are USDA rural home loans.

In Carbon County, which is considered rural, the maximum...

 

Reader Comments(0)