U.S. Department of Agriculture Rural Housing
Single Family Housing
Single Family Housing Programs provide homeownership opportunities to low- and moderate-income rural Americans through several loan, grant, and loan guarantee programs. The programs also make funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary. Visit the following site for a complete overview: Single Family Housing
Colorado Highlights
2012 Investments
Direct Loans
$12,161,939
Guaranteed Loans
$292,815,315
Repair Loans and Grants
$194,050
Guaranteed Loan Program
Guaranteed Loan – Prohibited Purposes- Properties with income producing potential, as well as with non-essential buildings (guest houses, in-law quarters, horse corral, barns, etc.) are ineligible. Small storage sheds and small pump houses are acceptable. Properties that are ff grid have catchment or cistern water systems, and/or have large acreage are also prohibited.
Guaranteed Loan Processing Time – Current turn time in Colorado is generally within 48 hours for complete applications. Business days exclude weekends (Saturday and Sunday) and all federal holidays. All loan applications are processed in the order they are received. “Rush requests” will not be processed any differently than all other requests. Please schedule closing times accordingly.
Guaranteed Lenders: Colorado centralization of the Guaranteed Program began Monday, January 14, 2013! Lenders should email new GRH loan applications to the following, email address: COGRHApplications
Select the PDF file below to view the SFH Guaranteed Loan Program Underwriting and Loan Closing Documentation Matrix
• Underwriting and Loan Closing Documentation Matrix
For Guaranteed Single Family Housing Information, please send an email to our Inquries email box at: COInquiries
Direct Loan Program
Direct Loans – Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to acquire, build (including funds to purchase and prepare sites and to provide water and sewage facilities), repair, renovate or relocate a home.
