USDA Section 502 Direct Loan Program

USDA Rural Development

Available Down Payment

About This Program

Direct loan program for low-income rural homebuyers to purchase, build, repair, or relocate a home. No down payment required. Interest rates as low as 1% for qualifying borrowers. Glenrock is an eligible rural area.

Estimated benefit of payment subsidy on median home purchase

Data last verified 2026-06-09. How we verify our data.

Key Details

  • 100% financing, no down payment required
  • Interest rates as low as 1% for very low income
  • Income at or below 80% AMI required
  • Must be unable to obtain conventional financing
  • Glenrock qualifies as eligible rural area

How to Apply

A grant-savvy contractor in Glenrock, WY can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Rolling applications, subject to funding availability

Questions about this program?

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Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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