7 years, 9 months ago by Jim Dewey
A Hannibal couple is settling into their new home thanks to a low interest loan from the U S Department of Agriculture and NECAC.
Jack and Ginny Kennedy would not have been able to own a home without the assist from a USDA Direct 502 loan which they got with the assistance of the Northeast Community Action Corporation.
Necac Deputy Housing Director Carla Potts says the 502 loan is a low interest - fixed rate loan...
NECAC was the first non-profit in Missouri to process 502 loans and has recently been authorized to do the same in Illinois.
Missouri USDA Director Janie Dunning says USDA finances over 5 thousand homes every year - most to first time homeowners.
Dunning says her office distributes over a billion dollars a year through 40 different programs...
Anyone wanting more information on the 502 Direct Loan Program should visit www.necac.org and click on the services link at the top of the home page.
