Related Words

Piggyback Loans: A loan divided into two parts with one lender taking a secondary security position.

Rural Multifamily Housing Loans: Section 515 loans are available through the Rural Housing Service for providing rental housing for low- and moderate-income families in rural areas, and for congregate housing for the elderl . . . View Full Definition

Section 502 Loans: A rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing . . . View Full Definition

Rural Home Repair Loans And Grants: Section 504 Loans and grants are available through the Rural Housing Service to lower income rural homeowners for making repairs.

Rescheduled Loans: Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments.

Project Loans: Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes, nursing homes, hospitals, and other special development.

Section 504 Loans And Grants: A USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qu . . . View Full Definition

Rural Home Loans: Section 502 loans are available through the Rural Housing Service to low- and moderate-income rural households to purchase and repair single-family homes.

Section 514 Loans: A domestic farm labor housing program authorized under Section 514 of the Housing Act of 1949. The Rural Housing Service (RHS) makes loans to farm owners, associations of farm owners, or non . . . View Full Definition

Site Loans: Section 523 loans and Section 524 loans are for acquiring and developing land for low- and moderate-income rural residents.