Eligible areas will not change until at least October 1, 2014! When the 2010 Census maps were drawn up, and analyzed, many communities across the US were scheduled to lose their “rural” designation based on updating the USDA eligibility map. I’ve personally spoken to a number of first time home buyers who have been […]
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How will the The Government Shutdown Affect USDA Mortgages? Unfortunately The USDA has been affected by the government shutdown. When the government shuts it down, they shut all of it down. The screen print below shows the USDA website is off line due to the government shut down. This pretty much tells you USDA […]
When the 2010 Census maps were drawn up, and analyzed, it showed many communities across the US were scheduled to lose their “rural” designation based on updating the USDA eligibility map and that would cost them the opportunity to qualify for the No Money Down USDA Mortgage starting October 1, 2012. I’ve personally spoken […]
USDA Mortgage Funding Update – 9/26/2012! Back on August 21st, 2012, I posted an update regarding the availability of USDA Mortgage funding for refinance transactions. See that post by clicking the link below. http://usdamortgageonline.com/usda-refinance-funds-have-been-exhausted-for-fiscal-year-2012/ I am pleased to announce that we are again closing and funding ALL USDA Mortgage loans using the […]
Please see our latest update on USDA Funding here: http://www.usdamortgageonline.com/usda-mortgage-funding-update-9262012/ USDA Refinance Funds Have Been Exhausted for Fiscal Year 2012! August 21, 2012 USDA Mortgage Purchase and Refinance Funding Update This announcement is to inform you of the current commitment authorities available for the Single Family Housing Guaranteed Loan Program […]
