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Platte Valley Bank Receives Lender Honors from USDA Rural Development

Platte Valley Bank Receives Lender Honors from USDA Rural Development
Strang/RRN/KNEB

P. V. Mortgage Company, a subsidiary of Platte Valley Companies in Scottsbluff was recognized today by USDA Rural Development Executive Director Karl Elmshaeuser as a Top Ten Lender (ranking fourth) for the Fiscal Year 2018 USDA Rural Development’s Guaranteed Rural Housing (GRH) loan program. P. V. Mortgage Company delivered an excess of $6.5 million in home loans in Fiscal Year 2018 to allow over 64 rural Nebraska families to have the opportunity of homeownership.

In Fiscal Year 2018, 82 approved lenders participated in the GRH program and provided more than $102 million to assist 940 rural Nebraska households. The program assists first time homebuyers and those who are seeking a different home because of changing family needs.

“The USDA Rural Development program has served our community for many years,” said Hod Kosman, president and CEO of Platte Valley Companies. “As a financial institution, we take pride in our partnership with the Rural Development so that we can help families throughout the panhandle become homeowners.”

With guaranteed financing, private lending institutions like P. V. Mortgage Company provide the loans which are guaranteed by the federal government. The program features no down payment to eligible income households and no maximum mortgage limits. This makes the program especially attractive for residents of the panhandle to purchase a home. Financing is available with interest rates as low as 3.75%. For additional information on Guaranteed Rural Housing program contact Platte Valley Bank today at (308)632-7004.

Platte Valley Financial Service Companies, Inc. consists of Platte Valley Bank in Scottsbluff, Gering, Bridgeport, Minatare, Morrill, and Sidney, Nebraska; Platte Valley Bank in Casper, Torrington, Cheyenne and Wheatland, Wyoming; Mountain Valley Bank in Walden, Steamboat Springs, Hayden, and Meeker, Colorado; J.G. Elliott Insurance Center in Scottsbluff, Nebraska and Torrington and Wheatland, Wyoming; and C.H. Brown Co. LLC., in Wheatland, Wyoming.

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