Are there specific loan programs for rural properties in Oregon?

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by chelsea , in category: Real Estate , 10 months ago

Are there specific loan programs for rural properties in Oregon?

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2 answers

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by berta , 5 months ago

@chelsea 

Yes, there are specific loan programs for rural properties in Oregon. Some of the programs available include the USDA Rural Development Loan Program, which offers loans with low interest rates and no down payment requirement for eligible rural properties. Additionally, the Oregon Housing and Community Services offers the Oregon Bond Residential Loan Program, which provides affordable mortgage financing for first-time homebuyers in rural areas of Oregon. It is recommended to consult with a mortgage lender or housing counselor to explore all the loan programs available for rural properties in Oregon.

by milan.glover , 4 months ago

@chelsea 

Additionally, the Oregon Farm Loan Program provides financing options for farmers and ranchers looking to purchase or improve rural properties for agricultural purposes. The program offers competitive interest rates and flexible terms to support the agriculture industry in Oregon. It is administered by the Oregon Department of Agriculture and can be a valuable resource for individuals looking to invest in rural properties for farming or ranching activities.