Home » Loans » Housing » Rural Disaster Housing Assistance
What it is
A rural disaster housing assistance loan is available to lower income families living in rural disaster areas in countries designated under the Presidential Disaster Declaration. It helps them to meet emergency needs arising from any natural disaster, such as flooding, forest fire, landslides, etc. The beneficiaries can use the loaned amount to buy, build, rehabilitate, or improve their dwellings. The Rural Disaster Housing Assistance consists of 33-year or 38-year loans and is aimed to help individuals who are unable to obtain credit from other sources.
Direct loans are approved for the construction, repair, or purchase of housing following a disaster. Payment subsidy is available to eligible low- and very low-income applicants. The payment subsidy reduces the borrower's scheduled payment to an amount equal to what it would be if the note were amortized to as low as one percent. These subsidies are subject to recapture by the government when the borrower transfers title or ceases to occupy the property.
Who it's for
Disaster is devastating, especially to people in lower income brackets. For these people, the rural disaster housing assistance loan can provide help in a time of desperation. Applicants to the rural disaster housing assistance program must be without adequate resources to obtain housing or related facilities in order to be approved. Applicants also must be without adequate resources to obtain housing or related facilities, and must be unable to secure the necessary credit from other sources at prevailing terms and conditions for residential financing.
What you need to do to apply
In order to obtain a rural disaster housing assistance loan, applicants must submit an application for rural housing assistance, a uniform residential loan application, and an authorization to release information to the USDA. Those interested in applying can also contact the USDA for more information and information about documentation.
Apply for Rural Disaster Housing Assistance
Apply online for any type of housing loan at LoanWeb:

Popular Credit Cards
Recommended Credit Card
The The Platinum Card® from American Express is one of the most popular cards available. Your Credit Advisor recommends it as our favorite in this category.
|
|
- 25,000 Membership Rewards® points when you spend $1,000 during your first three months of Card membership
- GLOBAL Travel benefits: Priority Pass select airport club access, No Foreign Transaction Fees, Global Entry expedited U.S. immigration pass
- Up to $200 in Airline Fee Credits annually to cover incidental charges on your airline of choice, including checked-baggage fee
- 24/7 Platinum Card® Concierge service for assistance with reservations, travel, gifts, and more
- FINE HOTELS & RESORTS Program: exclusive upgrades and amenities at over 700 boutique, resort, and luxury hotels worldwide
- Apply online now at American Express's Web site.
|
| Intro APR |
Regular APR |
Credit Needed |
Annual Fee |
| No Introductory Rate Available |
No APR |
Very Good |
$450 |
|
|
- 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.
- Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
- Citi® Identity Theft Solutions
- Secure, free online account management
- No annual fee*
- Read our review or apply online now at Citibank's Web site.
|
| Intro APR |
Regular APR |
Credit Needed |
Annual Fee |
| 0% Intro APR* |
11.99% - 21.99%* (Variable) |
Very Good |
$0* |
|
|
- Starpoints® Bonus: 10K with your first purchase and another 15K when you spend $5k within 6 months - enough for up to 6 free nights at a Category 1 or 2 hotel
- Free nights, free flights: Redeem Starpoints with over 350 airlines through SPG Flights and more than 1,000 hotels and resorts worldwide. No blackout dates
- 2011 SmarterTravel® Award for "Best Travel Rewards Card"
- $0 introductory annual fee for the first year, then $65
- Read our review or apply online now at American Express's Web site.
|
| Intro APR |
Regular APR |
Credit Needed |
Annual Fee |
| No Introductory Rate Available |
15.24% - 19.24% variable |
None |
$65* |
|
|
- No Annual Membership Fee
- Low variable rate of 7.25%, 10.25%, or 13.25% (Prime + 4.00%, Prime + 7.00%, or Prime + 10.00%) as of 4/1/10 based on the creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $1.00).
- Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness.
- Online Access to Credit Card Account Information
- Apply online now at the card issuer's Web site.
|
| Intro APR |
Regular APR |
Credit Needed |
Annual Fee |
| 1.99% APR for 6 Months |
7.25%, 10.25%, or 13.25%* |
None |
$0 |
|
|
- Earn 10K Membership Rewards® points, redeemable for select gift cards valued at $100, when you spend $1,000 in your first 3 months of Card membership
- Exclusive access to Gold Card Events - select concerts, shows, major sporting events, and more
- Purchase Protection covers loss, theft, and damage of eligible items within 90 days of purchase
- Redeem Membership Rewards® points for an exclusive array of travel, shopping, dining and entertainment rewards.
- Get approved in 60-seconds.
- Read our review or apply online now at American Express's Web site.
|
| Intro APR |
Regular APR |
Credit Needed |
Annual Fee |
| No Introductory Rate Available |
No APR |
Good |
$125 |