Financing Home Construction for Rural Markets: A conversation with the USDA
Ed Peace from the USDA joins us to discuss their unique new construction loan programs for rural markets. With the only construction to permanent program that is Ginnie Mae securitizable at closing, the USDA Single Family Housing Guaranteed Loan has much to offer borrowers. Lenders benefit from the ability to book the ROI of the loan quicker. In our discussion, we cover the shifts of home building in rural markets, specifics and important parameters of the USDA’s construction loan program, and we share a few personal stories of constructing homes in rural areas.