What Can 502 Do For You?

  • No down payment required
  • Alternative credit analysis
  • Interest rates as low as 1%
  • Payment assistance available
  • Affordable monthly payments

 

Find a list of eligible communities and local contacts by clicking on your state: 
Kentucky West Virginia
Tennessee  Virginia

 

 

What is 502?

Through a new partnership with USDA Rural Development, JustChoice Lending is now offering this special mortgage product exclusively for homebuyers in Central Appalachia. Rural Housing 502 Direct Loans are loans that are directly funded by the federal government. Mortgage payments are based on the household’s adjusted income. Getting a 502 loan is an opportunity to own your home and build equity for the future. We offer financing options for customers with fixed incomes, those who are self- employed, and the working class.

 

 

*Interest rate available through September 30, 2010. APR=5.19%.

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National Mortgage License #51115, #52912, #65837, #45614