The Rural Development 502 Direct Loan, from the United States Department of Agriculture, is designed to assist low-income applicants buy homes in rural areas, like much of Wyoming. The loan program provides payment assistance, a type of subsidy that reduces the mortgage payment, to increase an applicant’s repayment ability. The amount of assistance is determined by the adjusted family income.
Wyoming Housing Network can help you determine if you are eligible for this program, and if you are, we can help you apply for a RD 502 Direct Home Loan.
If you require help due to a disability or language barrier, please contact Wyoming Housing Network for assistance.