Qualified applicants have until the end of September to apply

    USDA Rural Development has funding available for very low- and low-income individuals and families seeking to purchase or repair a home in a rural area.

    The Direct Home Loan program offers financing to qualified very-low and low-income applicants that are unable to qualify for traditional financing.

    No down payment is required, and the interest rate could be as low as one percent with a subsidy. Applicants must meet income and credit guidelines and demonstrate repayment ability. The program is available in rural communities of 20,000 people or less.

    The maximum loan amount for repair is $20,000 at a one percent interest rate, repayable for a 20-year term and can be used to improve or modernize homes and do essential repairs. Grants of up to $7,500 are available to homeowners 62 and older and must be used to remove health or safety hazards, such as fixing a leaking roof, installing indoor plumbing, or replacing a furnace.

    Time is limited to receive these funds. Qualified applicants have until the end of September 2018 to apply. Contact a USDA Rural Development Housing Specialist at  https://www.rd.usda.gov/files/MN-SFHContacts.pdf in the Crookston area to see if you qualify.