In response to President Donald J. Trump’s call to proclaim June National Home Ownership month, USDA’s Acting Deputy Undersecretary for Rural Development Roger Glendenning said he celebrates the vital contribution homeowners have made to communities across rural America.
“Owning a home provides rural residents a secure environment where they can raise families, and it helps invigorate local rural economies that are vital to the long-term security and well-being of our nation,” Glendenning said.
“Homeownership fortifies communities, creates jobs and strengthens the local businesses that support our towns.”
As industry professionals who read the Daily Business News or MHLivingNews know, USDA guaranteed loans offer as low as a zero down payment program to acquire a new manufactured home.
USDA provides mortgage loan guarantees through partnerships with private-sector lenders to help low- to moderate-income rural homebuyers. The Saint Louis American reported that in 2016 alone, USDA worked with nearly 1,500 lenders to help 116,000 rural individuals and families buy homes.
Over time, the USDA has helped more than 4.1 million rural residents buy homes since the National Housing Act was passed 68 years ago.
For another industry focused report on National Home Ownership Month, please click here. ##
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.