The U.S. Department of Agriculture Rural Housing Service's Section 502 direct
loan program is a longstanding loan product that's intended to help relatively low-income households get safe and affordable financing. The
agency has the flexibility to make loans to lower-income households
because it makes the loans directly rather than through a lender as a
guaranteed loan. The agency's director, Cathy Glower, came to the
National Association of REALTORS®' offices in Washington, D.C., last
week to talk about the opportunities that many rural home buyers might
be missing out on because of the program's low profile, read more.
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