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The USDA guaranteed home loan program (officially known as Section 502 Guaranteed) allows approved mortgage lenders to provide 30-year fixed-rate loans to borrowers in USDA-eligible locations.
A USDA home loan is different from a traditional mortgage offered in the United States in several ways. USDA loans require no down payment, meaning that it is possible to finance up to 100% of the property value. One must meet the income restrictions for the county in which the buyer is interested. Each county has a maximum Income Requirement.
Section 515 Rural Rental Housing is a USDA rural housing program authorized under Section 515 of the Housing Act of 1949 (42 U.S.C. 1485). The Rural Housing Service (RHS) is authorized to make loans to provide rental housing for low- and moderate-income families in rural areas. Though rarely used for this purpose, Section 515 loans may also be ...
The website receives content guidance from a USDA working group of scientific experts in food and nutrition and the U.S. Department of Health and Human Services (HHS). [48] Launched in 2004, Nutrition.gov is a part of the USDA's Obesity Intervention Plan and is funded by the Research, Education and Economics (REE) mission area of USDA. [48]
The Rural Development Administration (RDA) was a USDA agency established by the 1990 farm bill (P.L. 101-624, Sec. 2302), amending the Consolidated Farm and Rural Development Act of 1972 (7 U.S.C. 1921 et seq.), to administer FmHA community and business programs and other USDA rural development programs.
The Under Secretary for Rural Development (USDA(RD)) is a high-ranking official in the United States Department of Agriculture and principal advisor to the United States Secretary of Agriculture responsible for oversight of the department's rural development programs and policies.