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Show F. H. A. Home Loans Hold Promise Of Better Housing For Local Farm Families Rural families in Garfield County with limited income stand a better chance of moving into new or improved housing due to the expanded real estate loan program of the federal government's Farmers Home Administration. This word comes from Clair M. Seeley, the agency's county supervisor who directs work in Garfield and Kane Counties for the FHA. Seeley says expanded funds are made possible through a new program in which private lenders advance funds needed to finance housing construction. Under this insured loan program,' the federal government guarantees repayment of -these funds. This expanded rural hous ing loan program is proving to be a major step toward giving rural people equality of opportunity to have a decent home. Seeley said. that families with weekly take home pay as small as $50 can now obtain loans to improve their housing through construction of a new home, purchase of a previously occupied home or repair or remodeling of present dwellings. Under the new insured program, housing loans can be made to families with modest incomes who are unable to get credit elsewhere, at 5 percent interest with up to "33 years to repay. Applications for loans are made at the Farmers Home Administration office located at Panguitch, Utah. |
