> Real Estate Glossary




  Direct Leveraging Loan Program

The Direct Leveraging Loan Program makes it easier and more economical for rural residents to own a home through lower interest rates and no down payment.

Under this program, the lender offers up to 50 percent of the mortgage amount as a conventional 30-year, fixed-rate first mortgage and the Rural Housing Service (RHS) offers the balance as a second mortgage at an interest rate that is generally below market.

The RHS is part of the U.S. Department of Agriculture.

 

[ Back To Real Estate Glossary ]

"It's Simple, I Listen."


Residential Listings | Lots / Land | Commercial | See "Sold!" Listings | Contact Diane | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu