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Farmers Home Administration loan.
James A. Smith, National Administrator of Farmer’s Home Administration, emphasizes that newly-eligible families must demonstrate that they otherwise merit FHA financing, and that credit is not available from regular commercial sources.
“The new policy will assist families in which the wife’s income is needed to improve the standard ol living. Note that if the wife is the principal breadwinner, the rule does not apply. This change will in nc way affect our expanding service to low-income families,” Mr. Smith said
Loans may be made tc families that will buy or build homes in open country or towns of up tol0,00( population, and who are not
95.7%