Housing Credit: A Rural-Urban Comparison

Hughes H. Spurlock and Ronald Bird

No 333581, Rural Development Research Reports from United States Department of Agriculture, Economic Research Service

Abstract: 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.

Keywords: Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Financial Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 29
Date: 1978-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ersrdr:333581

DOI: 10.22004/ag.econ.333581

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