Definition: A USDA Rural Development agency supporting housing and essential community facilities in eligible rural areas through loans, guarantees, grants, and related programs.
Example
An eligible homebuyer explores a USDA rural housing program and checks both borrower and property requirements.
Keep the distinction clear
The agency's name is Rural Housing Service. Assistance is program-specific; it is not an automatic loan for every property described as rural or agricultural.
Related terms
Nonconventional Loan · Qualification (Mortgage Borrower) · Agricultural Property
Keep studying
Loan Estimate, Closing Disclosure, and Loan Approval: Different Steps
References: USDA: Rural Housing Service
Pronunciation (US): ROOR-ul HOW-zing SUR-vis; R-H-S (capitals show stress)
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