Even with Continuing Resolution 2775 in place, changes to USDA eligibility areas are still in the works. Per AN-4679, the USDA will implement 2010 Census data when determining which areas are considered “rural” and thus maintain USDA eligibility. However, by switching from the 2000 Census data to 2010 Census data, many areas that are currently eligible will lose their ability to qualify for a USDA loan.
This week’s tip shows both Realtors and homebuyers how to determine if their area will remain a USDA eligible area.
If you already have an existing pre-qualification in process or experiencing financing issues on an existing transaction, please take advantage of our free 2nd opinion service to double check where you stand.
Just call or email to discuss your scenario and let us show you the “Metroplex” difference!
Email: SeanS@mplx.org
Toll Free: (800) 806 – 9836 Ext. 280
We are known for returning calls, replying to your emails, and responding to voice mails.
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