Mortgage Servicing and Loan Modifications: 9.3.2.1 Generally
The Section 502 Single Family Housing Program provides for direct loans from the RHS to very low income and low income individuals for the purchase, construction, or rehabilitation of single-family homes located in rural areas. The RHS, with some assistance from local rural development field offices, services section 502 direct loans through its Centralized Servicing Center in St. Louis, Missouri.81 There is no third-party servicer.