USDA Funds are Exhausted
USDA Funds have been exhausted. I have mentioned in the past that this was coming. The House of Representatives has passed Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017). To allocate more funds to this program. But, it is currently in the Senate and it has not been passed. There has been a significant increase in demand for USDA loans as a result of the economic crisis over the past two years. The number of rural home loans has tripled since 2006, while federal funding has failed to keep up with the growth of the program. Please check my website www.DaveYourMortgageGuy.com for updates on this program. Let's hope the Senate passes this soon!
"Helping You Thru the Whole Process"
David Krichmar
Mortgage Banker/Broker
Moncor Mortgage Bank
cell:832-689-6012
If you are looking for a mortgage in Fort Bend County, Harris County, Brazoria County or anywhere in Texas I am your GUY!
Comments (1)Subscribe to CommentsComment