Under the Section 502 Guaranteed Rural Housing Loan Program, applicants may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.
Purchases = 2.00% of loan amount
Refinances = 0.50% of loan amount
Income Limits: Income Limit Website
Property Eligibility: Property Eligibility Website
VanDyk Licenses | Fair Lending Policy | Security Policy | Complaint Resolution | General Disclosure | Terms and Conditions
VanDyk Mortgage Corporate Address: 2449 Camelot Ct. SE, Grand Rapids, MI 49546 | (888) 482-6395
We Lend in: FL, GA, NC, SC, TN, & VA – Corporate NMLS #3035 – Georgia Residential Mortgage Licensee #22013 | Virginia State Corporation Commission MC-5511.
Texas disclosure: http://vandykmortgage.com/disclosures/texasdisclosure.html | This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located
in the state of New York will be accepted through this site.