UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT OREGON STATE
SECTION 502 DIRECT HOME LOAN
The Section 502 Direct Home Loan Program provides loans in eligible rural areas for low- and very-low-income households to purchase, build, or repair their existing home. Applicants may obtain 100 percent financing to buy an existing dwelling, purchase a site and have a dwelling constructed, or purchase a newly built home. Qualifying applicants receive a low-interest, fixed-rate home loan from USDA for up to 38 years with no money down.
1220 SW 3rd Avenue
Suite 1801
Portland, OR 97204
Eligibility: -Live in a rural area
-Be without decent, safe and stable housing
-Unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet
-Agree to occupy the property the primary residence
-Have the legal capacity to incur a loan obligation
-Meet citizenship or eligible noncitizen requirements
-Not be suspended or debarred from participation in federal programs
-Meet income eligibility for a direct loan
Hours: Monday-Friday 8am-4:30pm
(866) 923-5626 1
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Phone/FAX Numbers
  • Main phone (866) 923-5626 ext 1
Email Address: [email protected]
INTAKE PROCEDURE: Call, email, or visit website for more information
FEES: Varies by services
DOCUMENTS: Proof of income
LANGUAGES: English, interpretation or signing by arrangement
AREA SERVED: State of Oregon
SITE HOURS: Monday-Friday 8am-4:30pm
Services:
  • Home Purchase/Construction Financing/Refinancing
  • Rural Housing Development
Other Services Offered At This Location:
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UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT OREGON STATE