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Supervisor for Culpeper, Madison, Orange, Rappahannock and Fauquier Counties, has announced in Culpeper.
FmHA, the rural credit agency of the U. S. Department of Agriculture (USDA), will guarantee up to 90 percent of the principal and interest of these loans. Guaranteed housing loans will be available for moderate-income borrowers who cannot get housing mortgage credit without a guarantee. Applicants who cannot qualify for guaranteed loans may apply for loans made by FmHA.
At present, the USDA agency will offer loan guarantees only under its single-family housing loan program. FmHA will continue to make single-family housing loans with its own funds. It
will also continue to make but not guarantee loans for rural rental housing, farm labor housing, housing site development, and other purchases.
96.4%