The U.S. Department of Agriculture (USDA) Rural Development Loan Program provides financing for low- to moderate-income borrowers in rural areas.
The Maryland course teaches that Section 502 Direct Loans may offer repayment terms of up to 38 years, depending on borrower income and property location.
These loans are designed to promote homeownership in eligible rural communities and may include payment assistance or subsidies to reduce monthly payments.
[Reference: Maryland 60-Hour Principles and Practices – “Real Estate Financing” module; USDA Rural Development Loan Program, Section 502 Direct Loan Guidelines., , , ]
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