Housing in Rural America

Housing credit : a rural-urban comparison

rural housing

"Home mortgage credit is less available in rural areas than in urban. The major reason is the limited number of savings and loans (S&L's) operating in rural areas. Banks are the major source of housing credit in rural areas whereas S&L's are most active in metro areas. In 1975, the per capita amount of housing loans held by banks, S&L's, and Farmers Home Administration (FmHA) was about $498 in rural areas and $1,590 in metro areas. FmHA loans amounted to $169 in rural areas and $7 in metro areas; FmHA thus helped to reduce the lending differential between the two areas. Loans guaranteed by the Federal Housing Administration and the Veterans' Administration were more prevalent in metro areas than in rural."

Spurlock, Hughes Hudson; Bird, Ronald

Rural Development Research Report. No. 6

U.S. Department of Agriculture. Economic Development Division. Economics, Statistics, and Cooperatives Service.

1978

This item is authored by federal employees as part of their official duties and is therefore non-copyrightable and/or published by the federal government and now in the public domain.

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