Loan Packaging
To make homeownership more affordable, USDA provides a payment subsidy in the form of an interest rate reduction, which can be as low as 1%, based on income eligibility.
They also provide payment terms starting at 33 years and can extend up to 38 years. From credit counseling to home purchase, clients receive support through the entire buying process.
Credit counseling helps families ensure that they qualify and application assistance cuts down the processing time. Additionally, interested families have the option to build their homes through Mutual Self-Help Housing.
More information about the 502 direct mortgage loan program can be found by visiting USDA Rural Development – Single Family Housing Direct Home Loans.
For More Information
Blazy Mall
44539 Sterling Hwy, Suite 206
Soldotna, AK 99669
No walk-in visitors. Please call to schedule an appointment.
RurAL CAP is a HUD Certified Housing Counseling Agency and an equal housing opportunity provider
Resources & Links
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Recent Housing News
BIA Housing Down Payment Assistance Applications Due by Dec. 31
Provides down payment assistance for individuals to use with Tribal housing programs and/or other participating lenders (up to 30% or $75,000 max).
BIA Home Improvement Applications Close Dec. 31
What is the BIA Home Improvement Assistance Program (HIP)? The BIA Housing Improvement Program is a home repair, renovation, replacement, and new housing grant program for American Indians and Alaska Native (AI/AN) individuals and families who have no immediate...