Rural Housing Loans
Borrowers in rural areas now have easier access to affordable housing.
Fannie Mae partners with the Rural Housing Service of the U.S. Department of Agriculture to purchase loans issued under its Section 502 Rural Housing Guaranteed and Direct Leveraging loan programs. Serves low- and moderate-income rural residents.
The MyCommunityMortgage™ mortgage option includes additional flexibilities for rural communities:
Fannie Mae also partners with the Rural Housing Service on its Section 502 Guaranteed Rural Housing Loan and its Rural Direct Leveraging Loan. The loans are backed by the Rural Housing Service, a division of the U.S. Department of Agriculture. They require no down payment for low- and moderate-income buyers.
2006 Conforming Loan Limits
Alaska, Guam, Hawaii,
and U.S. Virgin Islands only
1 $417,000 $625,500 2 $533,850 $800,775 3 $645,300 $967,950 4 $801,950 $1,202,925