The U.S. Department of Agriculture has awarded Associated Bank a Certificate of Achievement for assisting the department and the Rural Development Guaranteed Rural Housing Program in 2011.
Associated provides 100 percent financing with no down payment, flexible credit guidelines and 30-year terms for rural home buyers through the GRH program.
The bank lent more than $5 million through the program last year.
“More than $338 million in [total] GRH funding was delivered to Wisconsin homeowners resulting in more than 2,750 home purchases,” said Stan Gruszynski, Wisconsin State Director, USDA Rural Development. “Associated’s efforts have helped many Wisconsin families achieve their dream of homeownership.”
