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USDA expands home loan program

Reported by: Mel Carlock
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Updated: 1/31 12:20 pm
WASHINGTON (WTVA) -- The U. S. Department of Agriculture is adding 15 more states and Puerto Rico to a program to help current USDA home loan borrowers save my by refinancing their homes at a lower interest rate.

The agency says the program will help families in rural areas lower their monthly payments and ease their financial burdens.

USDA unveiled the initiative almost one year ago.

It initially included borrowers in 19 states, including Alabama and Mississippi, hardest hit by the downturn in the housing market.


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