USDA Pilot Program Available To Help Indiana Mortgage Borrowers Refinance

USDA Rural Development is launching a pilot program that can help Indiana homeowners with existing home loans with the agency refinance their mortgages to reduce their monthly payments.  The Single Family Housing Guaranteed Rural Refinance Pilot Program will operate in Indiana and 18 other states.  These states are among the hardest hit by the downturn in the housing market. This program can help as many as 15,000 homeowners in Indiana.  Homeowners who have Rural Development direct or guaranteed loans can now refinance their loans at a better rate.  They can save money on their mortgage payments at a time when they may need it most. The pilot program makes it easier for eligible homeowners to refinance their loans. They do not have to provide a new credit...

Read More