The Single-Family Housing Program provides home ownership opportunities to low and moderate-income rural Americans through several loans, grant and guarantee programs. The program also makes funding available to individuals to finance vital improvem HOME REPAIR LOAN AND GRANT PROGRAM (Section 504) For very low income families who own homes in need of repair, The Home Repair Loan and Grant Programs offer loans and grants for renovation. The Home Repair Program also provides funds to make a home accessible to someone with disabilities. Grant Money may be provided, for example, to repair a leaking roof; to replace a wood stove with central heating; to construct a front-door ramp for someone using a wheelchair; or to replace an outhouse and pump with running water, a bathroom, and waste sy DIRECT LOAN PROGRAM (Section 502): Under the Direct Loan program individuals or families receive direct financial assistance in the form of a home loan at an affordable interest rate. To qualify applicants must be low or Very low income with stable job and good credit. They may not q MUTUAL SELF-HELP HOUSING PROGRAM (523): The Mutual Self-Help Program makes homes affordable by enabling future homeowners to work on homes themselves. With this investment in the home, or sweat equity,each homeowner pays less for his or her home. Each qualified applicant is required LOAN GUARANTEE PROGRAM (Section 502): Under the Guaranteed Loan program, the loan is made by private lender and makes his or her payments to that lender. Under the terms of the program, an individual or family may borrow up to 100% of the appraised value of the home which eliminates the SINGLE-FAMILY HOUSING PROGRAM: