USDA Rural Development Section 502 Direct Loan
USDA Rural Development Section 502 Direct Loan is a direct first mortgage with payment subsidy from USDA Rural Development. Coverage: USDA-designated rural areas (covers most of Oklahoma outside major metros). First-time buyer status is not required. Income limit: Low and very-low income (50-80% AMI; varies by county).
Amount varies by program
Listed as open as of May 26, 2026
Coverage: USDA-designated rural areas (covers most of Oklahoma outside major metros).
| First-time buyer | Not required |
|---|---|
| Income limit | Low and very-low income (50-80% AMI; varies by county) |
| Minimum credit score | 640 |
| Sales price cap | Area loan limit |
| Amount notes | Up to 100% financing + payment assistance subsidy based on adjusted family income |
| Notes | Direct loan from USDA (not lender-issued). Also available: 502 Guaranteed Loan via approved lenders. |
| Phone | 405-742-1000 |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: USDA Rural Development · program details at the provider’s site.
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