Some fiscal impacts of Farmers Home Administration home loan activity on a rural county

Lindley, J.T.; Wiseman, P.A.

Some fiscal impacts of Farmers Home Administration home loan activity on a rural county

1979

Lindley, J.T. | Wiseman, P.A.

Extract: This paper will examine (a) the percentage of borrowers who are native (residing in the county when applying for the loan), (b) the real estate assessment of natives before and after obtaining a FmHA mortgage, (c) the tax delinquency rate of FmHA borrowers relative to the rest of the tax-paying population, (d) the impact of interest credit mortgagors (subsidized through lower interest rate) relative to nonsubsidized mortgagors, and (e) comparison of per capita real estate taxes paid by FmHA borrowers as compared to the average per capita real estate taxes in the county.

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