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00:00:00 – 00:05:09
The video discusses the efforts being made by Community 1st Credit Union, USDA Rural Development, and other organizations to increase home ownership opportunities for Latino residents in Iowa. Programs such as the guaranteed home loan and direct loan program are highlighted, offering competitive interest rates, no down payment, and long-term mortgages to eligible individuals. USDA has boosted outreach strategies to attract more Latino applicants, resulting in a 40% increase in loans to Latinos in the current fiscal year. The focus is on raising awareness within Latino communities and providing education to help more Latinos purchase homes. Collaborations with organizations like Community 1st aim to facilitate home buyer education and build trust with Latino buyers. More information can be found on www.rd.usda.gov/ia or by calling (515) 284-4444.
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In this segment of the video, it is highlighted that Latino residents in Iowa are a growing population, with the number of Latinos in the state having more than doubled since 2000. Community 1st Credit Union, along with USDA Rural Development, sponsored an event in Ottumwa to educate over 200 Latinos about home ownership opportunities in rural Iowa. Programs like the guaranteed home loan and direct loan program are available to assist rural Iowans in achieving their home ownership dreams. USDA has increased efforts to attract more Latino applicants to these programs by implementing outreach strategies such as marketing plans, news articles in Latino newspapers, radio outreach, and having bilingual employees. These programs offer competitive interest rates, no down payment, and long-term mortgages, making them accessible to eligible individuals.
00:03:00
In this segment of the video, it is highlighted that USDA has increased its loan portfolio to Latino applicants by 40% in the current fiscal year. The focus is on making USDA’s programs more accessible to eligible Latinos looking to purchase homes. Efforts are being made to raise awareness within Latino communities about these programs, particularly in the areas of single-family and multi-family housing. Partnerships with organizations like Community 1st are being developed to enhance home buyer education. The goal is to educate and build trust with Latino buyers to ultimately help them own their homes. More information can be found on www.rd.usda.gov/ia or by calling (515) 284-4444.