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Little-known program offers loans to rural home buyers – USDA Rural Development

February 22, 2009 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

The USDA-backed mortgage is one of the few no-down-payment programs offered since private lenders tightened standards in the wake of the financial meltdown last fall.

The program gives borrowers a two-year moratorium on payments if breadwinners lose their jobs.

USDA Rural Development http://www.rurdev.usda.gov/

By Dawn House

The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_11751037

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