U.S. Department of Agriculture (USDA) Rural Development in Michigan announced the top five partner lenders through the Single Family Housing Guaranteed Loan Program.
"USDA is grateful for the great relationships we have with our partner lenders," said USDA Rural Development Acting State Director for Michigan Richard Anderson. "The last year has been particularly challenging and yet together we were able to help rural Michigan residents achieve the dream of homeownership."
Michigan's top five partner lenders are: Amerifirst Home Mortgage, J. Virgil, Inc., Mortgage 1, Union Home Mortgage Corp., and Mid America Mortgage.
In Fiscal Year 2020, USDA in Michigan invested more than $790 million to help 5,337 families and individuals buy a home.
Since the guaranteed loan program began in 1991, Michigan has obligated more than 100,000 loans totaling more than $10 billion, becoming the first state in the country to reach either of these milestones.
USDA touches the lives of all Americans each day in so many positive ways. In the Biden-Harris Administration, USDA is transforming America's food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.
Categories: Michigan, Energy, Government & Policy