Tricounty News

USDA Rural Development Home Loan available $$

USDA, Rural Development recently received our annual allocation of funds for our direct home loan program for low and very-low income borrowers.

Applicants may purchase a new home, existing home or build a new home. To qualify, applicants must meet Rural Developmentā€™s income limits, have adequate and dependable income, have an acceptable credit history, be unable to obtain sufficient credit from other sources, and show repayment ability.

The maximum loan limits available (depending upon repayment ability) for the following Counties are:

Carver$198,300

Mcleod$171,400

Nicollet$176,300

Sibley$184,800

Stearns$202,700

Wright$178,000

For more information, contact the local Rural Development office in Cambridge at (763) 689-3354, ext. 4, and/or email This email address is being protected from spambots. You need JavaScript enabled to view it. . More information is also available at www.rurdev.usda.gov/mn.