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USDA Loans Push Rural Housing

Posted by: Judy Chang

29 January 2009 - 9:00am

A little-known USDA program offers Rural Development Guaranteed Loans, which would allow low-income residents to buy homes in "rural" areas--places with fewer than 25,000 people. Under this guideline, many suburbs in Phoenix qualify.

"Even though the country is in the midst of a financial crisis, it's still possible to buy a house with no money down. A relatively small but growing number of Americans are turning to an obscure home loan program backed by the U.S. Department of Agriculture."

Full Story: Home Loan Program Benefits Rural Families
Source: NPR, January 28, 2009
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