USDA Section 502 Direct Home Loan Program
USDA Section 502 Direct Home Loan Program is a direct mortgage with payment subsidy from USDA Rural Development - Nevada. Coverage: USDA-eligible rural areas in Nevada. Income limit: Low or very-low income (50-80% AMI by area).
Amount varies by program
Listed as open as of May 26, 2026
Coverage: USDA-eligible rural areas in Nevada.
| Income limit | Low or very-low income (50-80% AMI by area) |
|---|---|
| Minimum credit score | 640 |
| Homebuyer education | Required |
| Occupations | Any |
| Sales price cap | Per USDA area loan limits |
| Amount notes | 100% financing; payment subsidy reduces effective mortgage payment |
| Notes | Direct loan from USDA; also see USDA 502 Guaranteed for higher income (up to 115% AMI) |
| Phone | 775-738-8468 (Elko office) |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: USDA Rural Development - Nevada · program details at the provider’s site.
See if USDA Section 502 Direct Home Loan Program fits your purchase
Tell Cal how to reach you and a licensed loan officer will walk through this program, what it stacks with, and what you would actually qualify for. No spam, no list-selling.
More Nevada programs
-
4:1 matching grant · Up to $32,837
-
Grant for middle-income buyers · Up to $50,000
-
Forgivable 2nd, forgiven after 3 yrs · Amount varies by program
-
Grant/forgivable · Up to $226,002
-
Forgivable second mortgage / DPA grant + 30-year fixed first mortgage · Amount varies by program
-
DPA grant on 30-year fixed mortgage · Amount varies by program
-
Below-market-rate 30-year fixed mortgage with DPA · Amount varies by program
-
Below-market 30-year fixed mortgage plus DPA grant · Up to 6%