502 & 504 Packaging
UHDC provides packaging services to individuals wanting to apply to purchase a new home or for home repairs through USDA Rural Development across all counties in Arkansas.
502 Direct (Purchase/Build)
What does this
program do?
The Section 502 Direct Loan Program, helps low- and very-low-income applicants buy decent, safe, and sanitary housing in eligible rural areas by providing payment assistance to increase their applicant’s repayment ability.
Payment assistance is a type of subsidy that reduces the mortgage payment for a short
time. The amount of assistance is determined by the adjusted family income.
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Fees do apply
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For detailed information with printable application, click link below!
504 Direct
(Repair Home)
What does this
program do?
​The Section 504 Home Repair program provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.​
​
Fees do apply
​
For detailed information with printable application, click link below!
