Low-interest housing loans available in Blount County

Rural Development Area Director Jerry Amonett announced a Housing Fair to help eligible families and individuals achieve the dream of home ownership in Blount and surrounding counties. The Housing Fair will take place Wednesday, March 12 from 9 to 11:30 a.m. in Room 315 of the Blount County Courthouse, 341 Court Street, Maryville.

“This is an opportunity for anyone interested to receive one-on-one help completing the application process for a home loan or a loan to make needed safety repairs or accessibility improvements to a home they already own,” Amonett said. “We look forward to helping more people in Blount County achieve the American dream for themselves.”

Eligibility for Rural Development housing programs is based on family income and varies by county. For example, a four person household living in Blount County with an adjusted household income up to $43,850 may qualify for a low interest home loan through Rural Development. Rural Development Home Loans are typically made for 33 years at a fixed interest rate, with a maximum loan amount of $150,600. Monthly payment assistance is also available for those who qualify.

Rural Development’s housing programs are designed to increase home ownership by assisting eligible families and individuals in purchasing or building a home in rural areas of Tennessee. Depending on an applicant’s income, interest can be as low as 1 percent. Loans may be made without a down payment, and eligible applicants may qualify for loan financing up to 100 percent of the appraised value.

For more information on home ownership or business development programs available in Blount County, contact the Rural Development area office at 865-523-3338 ext. 4 or call toll free at 800-342-3149 ext 1491. Information is also available online at www.rurdev.usda.gov/tn.

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