Des Moines, Iowa – RadioIowa – The dream of buying a home in rural Iowa is getting cheaper. Home mortgage rates from the U-S-D-A’s Rural Development Agency have dropped to just below 2.875%. Krista Mettscher, a rural housing specialist with the agency, says there are income and other limits with the low rate, but even those with credit issues could qualify.
Mettscher says some people could find even lower rates.
The program is available in most rural communities across the region. To find more information, click here.