419 W. Grimes Street, Suite 4, Monticello, AR 71655

Call local office for more information.

-Fixed interest rate based on current market rates at loan approval or loan closing, whichever is lower-Interest rate when modified by payment assistance, can be as low as 1%-Up to 33 year payback period - 38 year payback period for very low income applicants who can't afford the 33 year loan term

s. At a minimum, applicants interested in obtaining a direct loan must have an adjusted income that is at or below the applicable low-income limit for the area where they wish to buy a house and they must demonstrate a willingness and ability to repay debt.Applicants must:-Be without decent, safe and sanitary housing-Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet-Agree to occupy the property as your 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 programsProperties financed with direct loan funds must:-Generally be 2,000 square feet or less-Not have market value in excess of the applicable area loan limit-Not have in-ground swimming pools-Not be designed for income producing activities

English

AR