{{featured_button_text}}

USDA Rural Development announced its Top 10 lenders for its Guaranteed Rural Housing loan program in Nebraska for Fiscal Year 2013. Seventy-four approved lenders participated in the GRH program and provided more than $124.2 million to assist 1,241 rural Nebraska households in achieving homeownership in Fiscal Year 2013, a record year for USDA Rural Development housing programs in Nebraska, according to state Director Maxine Moul.

The top 10 lenders were:

* Charter West National Bank: 180 loans, $17,260,727

* Pinnacle Bank: 84 loans, $ 8,502,289

* Platte Valley Bank: 69 loans, $ 7,034,002

* Wells Fargo Bank N.A.: 56 loans, $ 6,063,347

* Midwest Bank N.A.: 54 loans, $ 4,551,788

* BankFirst: 49 loans, $ 4,753,249

* Farmers & Merchants Bank: 45 loans, $ 4,807,229

* First National Bank & Trust: 43 loans, $ 4,283,250

* Great Western Bank: 42 loans, $ 4,049,895

* Cornerstone Bank: 37 loans, $ 3,587,495

USDA Rural Development said it oversees a single-family housing portfolio in Nebraska of more than $525 million, more than 7,600 loans that have maintained low delinquency rates.

The GRH program is a federal program that is budget neutral, USDA said. The program does not rely on tax dollars and is self-supporting through the fees generated through the loans.

Through the GRH program, loans are provided by private lending institutions and guaranteed by the federal government. The program features no down payment to eligible-income households and no maximum mortgage limits. Dwellings must be in a rural community with a population of up to 20,000. GRH loans in FY13 were processed in 78 out of the 93 counties in Nebraska.

Existing guaranteed or direct loan borrowers may refinance their home loans under the GRH loan program.

Be the first to know - Sign up for News Alerts

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.
0
0
0
0
0

Load comments