Our Agents | Contact Us | Home
Old Town Real Estate, LLC
538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

 
 
Our Listings

Buyers & Sellers
Buyer/Seller Info
  Market Analysis
  Dream Home Finder

Local Area

About Us

Tools & Links

Home
   
   
Real Estate Glossary



  Direct Leveraging Loan Program

The Direct Leveraging Loan Program makes it easier and more economical for rural residents to own a home through lower interest rates and no down payment.

Under this program, the lender offers up to 50 percent of the mortgage amount as a conventional 30-year, fixed-rate first mortgage and the Rural Housing Service (RHS) offers the balance as a second mortgage at an interest rate that is generally below market.

The RHS is part of the U.S. Department of Agriculture.

 

[ Back To Real Estate Glossary ]

   
   

Old Town Real Estate,LLC
538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu