Rural Housing Service - RHS

DEFINITION of 'Rural Housing Service - RHS'

An administrative division within the U.S. Department of Agriculture that manages programs that focus on rural housing and community service facilities and are designed to improve the quality of life in U.S. rural communities. Perhaps one of the RHS's most well-known programs is its subsidized home loan program for people with low-to-moderate incomes who want to purchase, construct or rehabilitate a single-family rural home.

BREAKING DOWN 'Rural Housing Service - RHS'

The RHS also loans money to rural homeowners at an effective annual interest rate of 1%. Low-income rural residents age 62 and older may be eligible to receive home-repair grants of up to $7,500. The RHS also makes long-term subsidized loans for the construction of affordable rental or cooperative housing for underserved rural populations, such as those with low incomes, families, the elderly and the disabled.

RELATED TERMS
  1. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  2. Production Credit Association - ...

    A federal instrumentality created by Congress through the Farm ...
  3. Farmers Home Administration - FmHA

    An agency of the U.S. Department of Agriculture created to assist ...
  4. U.S. Department of Housing and ...

    A U.S. government agency created in 1965 to support community ...
  5. Loan

    The act of giving money, property or other material goods to ...
  6. Subsidy

    A benefit given by the government to groups or individuals usually ...
Related Articles
  1. Credit & Loans

    4 Steps To Attaining A Mortgage

    It starts with knowing your choices as well as your price range. We show you how to get there.
  2. Budgeting

    Mortgages: How Much Can You Afford?

    Answering this means number-crunching as well as factoring in other considerations and expenses.
  3. Options & Futures

    Home-Equity Loans: The Costs

    Learn the factors to consider when comparing the different programs offered by various lenders.
  4. Chart Advisor

    These 3 Charts Suggest Bears Control The Commodity Markets

    Many investors are wondering if they should be betting on a trend reversal in commodities. These charts suggest that a reversal might be further out than many hope.
  5. Chart Advisor

    Watch Out for Agricultural Stocks

    All eyes are on metals and energy. Based on the charts in this article, now could be the time to watch out for agriculture stocks.
  6. Chart Advisor

    Bulls Shouldn't Count On A Reversal In Commodities

    2015 was a tough year on commodity investors and while a short-term bounce higher could be in the cards, it probably isn't quite time to bet on a reversal.
  7. Options & Futures

    The 2016 Outlook for Wheat and Oat Futures

    Oats futures shows greater upside potential than wheat futures in 2016.
  8. Markets

    Cargill Stock Doesn’t Exist. Here's Why.

    Learn how Cargill has avoided an IPO through family ownership and keeping insiders happy. Find out how rival companies have done that are publicly traded.
  9. Stock Analysis

    Top 3 Companies Owned By Monsanto

    Discover the three main divisions the Monsanto Company has created through years of successful innovations and acquisitions of various agricultural companies.
  10. Investing

    Three Agriculture Startups Disrupting Monsanto

    Even as technology startups have disrupted other industries, agriculture has remained immune to its effect. But that is about to change.
RELATED FAQS
  1. Is Russia a developed country?

    Though it once reigned alongside the United States as a world superpower, Russia is not classified as a developed country ... Read Full Answer >>
  2. Is North Korea a developed country?

    North Korea is one of the poorest and least developed countries in the world. It is far from a developed country. Because ... Read Full Answer >>
  3. Is Mexico a developed country?

    As of 2015, Mexico is not a developed country. However, it beats the majority of its peers in the developing world on most ... Read Full Answer >>
  4. Is Greece a developed country?

    Greece is a developed country by most meaningful metrics. However, its financial struggles have been well documented in the ... Read Full Answer >>
  5. Is Taiwan a developed country?

    As of 2015, the CIA World Factbook has yet to add Taiwan to its list of developed countries. However, many organizations, ... Read Full Answer >>
  6. Is South Korea a developed country?

    South Korea is widely regarded as a developed country. A few index providers still classify the country as developing, but ... Read Full Answer >>
Hot Definitions
  1. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  2. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  3. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
  4. Dark Pool Liquidity

    The trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is ...
  5. Godfather Offer

    An irrefutable takeover offer made to a target company by an acquiring company. Typically, the acquisition price's premium ...
Trading Center