Nancy Griffin of Dyer County recently became a homeowner with the help of First Southern Real Estate Agent Thelma Stutts and USDA Rural Development Area Specialist Brandon Orr. As with any eligible applicant, the USDA’s Single Family Housing Direct Home Loan Program offered Griffin 100 percent financing and competitive fixed interest rates for the life of the 33-year loan.
“I finally have a home big enough for my family, and my mortgage payments are less than what I was paying in rent,” Griffin said.
Earlier this year, Griffin decided she no longer wanted to rent an apartment that was too small for her family. With the idea of wanting a bigger home, she set out to explore what financing options were available. Over the next few months, the partnership created with Stutts and Orr turned her dreams of home ownership into a reality.
Griffin is one of many homeowners who received benefits from the Single Family Housing Direct Home Loan Program. The program assists low and very low income families.
Agriculture Secretary Tom Vilsack recently kicked off National Homeownership Month and highlighted USDA’s ongoing role to help provide homeownership for rural Americans. Vilsack describes homeownership as “one of the best ways American families enter the middle class.”
USDA Rural Development is moving investments to rural America with housing, business and infrastructure loans and grants to create jobs and strengthen rural economies with an emphasis to assist areas of persistent poverty. Since 2009, the agency has assisted more than 1.5 million Tennessee families and businesses in 230 communities in all 95 counties of Tennessee, investing more than $5.4 Billion through affordable loans, loan guarantees and grants.
For more information on USDA Rural Development programs available in Northwest Tennessee contact the Union City Area Office at 731-885-6480 x 4. Visit us online at www.rd.usda.gov/TN.