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USDA Future Eligible Area Maps

By
Mortgage and Lending with America’s Mortgage Solutions | The Christian Penner Mortgage Team NMLS# 368289

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FL/VI SFH Guaranteed Loan Program
From the Florida State Office
 

July 28, 2014

Future Eligible Area Maps are Available!

Future eligible area maps are available on the USDA Income and Property Eligibility Site.  Click on “Future Eligible Areas” to preview the areas that will be affected.  Applications received beginning October 1, 2014 will be subject to the new eligible area maps.  Please be advised that every effort has been made to provide accurate and complete information regarding proposed ineligible areas on this website based on Rural Development rural area requirements as defined in the 2014 Farm Bill, using 2010 census data. Some minor modifications to areas may occur prior to the October 1, 2014 implementation.

 

3555 Regulation - some changes

The CFR 3555 regulation that will become effective September 1, 2014 will include some key changes.  Below are highlights of some of those changes or clarifications.

Property and Appraisal Requirements:

  • The site must be typical for the area.  The previous land to total value limitation of 30% has been removed.
  • The site must not have income-producing land.  Having a garden for personal use is allowed.
  • In-ground swimming pool restriction has been removed.
  • Water systems that require repetitive treatment to be safe bacterially or chemically are not acceptable.  Properties served by cisterns are not acceptable.
  • Escrow accounts for exterior repairs and minor interior repairs may be established if certain conditions are met.
  • Manufactured Homes - The necessity to select an approved “dealer â??contractor” is no longer applicable with the new rule.

 

Where to send your Florida/Virgin Islands loans and inquiries?

Questions about the program and turn time: RA.Flgainesv2.RD.questions@fl.usda.gov

All applications should be sent to: RA.Flgainesv2.RD.origination@fl.usda.gov

All closing packages should be sent to: RA.Flgainesv2.RD.postclosing@fl.usda.gov

 

Help Resources

 

USDA ITS Service Desk Support Center

For e-Authentication assistance

Email: eAuthHelpDesk@ftc.usda.gov

Phone: 800-457-3642, option 1 (USDA e-Authentication Issues)

 

Rural Development Help Desk

For GUS system, outage or functionality assistance

Email: RD.HD@STL.USDA.GOV

Phone: 800-457-3642, option 2 (USDA Applications); then option 2 (Rural Development)

 

 

 

     

 

 

Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
http://www.christianpenner.com/usda-future-eligible-area-maps/
USDA Future Eligible Area Maps


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Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401

Phone: (561) 316-6800

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ChristianPenner.com
http://www.christianpenner.com/usda-future-eligible-area-maps/
USDA Future Eligible Area Maps

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