With their family of eight, Myron Doud and Stephanie Richards were in tight quarters when they were living with Myron’s parents in a four-bedroom house. Like them, Joe and Danielle Donnell and their young one had resided with Danielle’s family.
“Our daughter was very excited about her new bedroom, and she wasn’t even scared to sleep in a room all by herself!” said Stephanie Richards. “The kids now have room to have sleep-overs with their friends and a nice backyard to play.”
These South Dakota families, like many starting out in rural America, just needed a little assistance to begin their lives -- and begin building assets for the future -- as homeowners. They found the help they needed through USDA Rural Development’s Direct Housing Loan, which offers 100-percent, affordable mortgages to rural homebuyers who cannot access affordable conventional financing.