USDA Mortgage Funding Update – 10/13/2011! USDA Rural Housing Funding Update USDA Mortgage Online is pleased to announce that USDA Rural Development has authorized the issuance of Conditional Commitments for the Single Family Housing Guaranteed Loan Program so we can continue to close and fund USDA Mortgages even though most lenders have suspended the [...]
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USDA Mortgage Update: Monthly Mortgage Insurance Starting October 1,2011 According to a recent Administrative Notice (AN4551 which can be seen HERE) sent out by USDA, starting October 1, 2011 the upfront guarantee fee will be reduced from 3.5% of the loan amount to 2% with the addition of minimal monthly mortgage insurance on all purchase [...]
June 10, 2010 USDA Funding Update! USDA Rural Housing Funding Update USDA Mortgage Online is pleased to announce that USDA Rural Development has authorized the issuance of Conditional Commitments for the Single Family Housing Guaranteed Loan Program so we can continue to close and fund USDA Mortgages even though funds for Fiscal Year 2010 are [...]
USDA Mortgage Funding Update! 5/11/2010 USDA Rural Housing Funding Update USDA Mortgage Online is pleased to announce that USDA Rural Development has authorized the issuance of Conditional Commitments for the Single Family Housing Guaranteed Loan Program so we can continue to close and fund USDA Mortgages once funds for Fiscal Year 2010 are exhausted. This [...]
IMPORTANT ANNOUNCEMENT http://www.usdamortgageonline.com is committed to the USDA mortgage program despite any funding shortage. Although initially announced on March 10, 2010 that funding would be exhausted by the end of April; we believe it is possible that there will be funds available for a couple of weeks in May. Due to recent actions taken by [...]
