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USDA UPDATE: extension until 12/11/14

By
Mortgage and Lending with CMG Home Loans NMLS 248937

 

On September 2nd I wrote an article for the OCBR newsletter (and a blog here: http://actvra.in/4mMd) as soon as the USDA announced adjustments to the future maps and a reminder that the Maps were scheduled to change October 1st.  Unfortunately with anything in print things can change by time articles are published.  In Uncle Sam’s infinite wisdom the Implementation of New Rural Area Ineligible Maps were delayed (AGAIN). So if it was eligible, it still will be until December 11, 2014. The reason for this is there is a push to change the definition of “rural” - increasing the population limit, allowing greater areas to be eligible for use with the program. Rumors are that previous announcements will be thrown out and eventually there will be a decision and notification of what the future will hold. For now we only know that on 12/11/2014 we may lose some of the currently eligible areas in our marketplace. 

Have a great week

Rob
 
Robert Rauf
Mortgage Loan Originator NMLS ID# 248937
 
http://www.homebridge.com/RobertRauf

or my blog: http://activerain.com/blogs/rrauf
Office: (732)908-4868

RRauf@HomeBridge.com
 
www.RobertRauf.com

 

HOMEBRIDGE
 
 
 
Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 16 Madison Avenue, Building 2 Suite 2D Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood Bayville 08722 08721, Manchester 08757 08733, Manahawkin 08050, Robert Rauf is a Licensed Mortgage Loan Originator in New Jersey.

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