usda: USDA Funding Delay
- 10/03/17 08:30 AM
USDA just announced their commitment authority will be temporarily unavailable for approximately two weeks at the beginning of their fiscal year October 1st. During this time frame, USDA will only issue conditional commitments “subject to the availability of commitment authority”.
This means USDA loans scheduled to close during this two week time period will most likely not close on time, because most Lenders will not close USDA loans until USDA funding is once again restored. Buyers who are purchasing a property with USDA financing should be notified of this USDA Funding Delay as soon as possible so they do not experience a last … (16 comments)
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usda: USDA Guideline Changes On Monday, December 1, 2014
- 11/13/14 04:27 AM
Rural Development (USDA) announced this week they will not accept any new Single Family Housing Guaranteed Loan Application from the close of business on Friday, November 21, 2014 through the start of business on Monday, December 1, 2014. Applications will be suspended for this period of time in order for USDA to be able to implement new the USDA Guideline Changes On Monday, December 1, 2014.
The new Guideline Changes are intended to streamline the processing and time on USDA Loans. This means Lenders will not be able to Close any USDA Loans which have not been approved by Friday, November 21st., … (14 comments)
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usda: USDA Funding Has Been Restored
- 10/12/12 03:04 AM
USDA Funding Has Been Restored. I do not have the details on the total amount of funding that has been allocated to USDA, but I wanted to get out a quick blog with this information just in case anyone was holding off on taking any USDA/Rural loans until they knew for sure that USDA Funding had been Restored.
USDA Funding lasted this year almost up until the end of the USDA 2012 Fiscal Year. So USDA was not without funding for very loan. At the start of the new USDA Fiscal Year, October 1st, it was anticipated that Funding would be restored by the end … (4 comments)
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usda: Almost Speechless Sunday
- 06/06/10 02:56 PM
Last week I spent Memorial Day Weekend in Washington DC. I have lots of pictures that I need to take the time to post and share, but this one I felt could not wait. It is of the Washington DC Cathedral and it is an incredible structure. Many of you might have seen it or have been to it when in Washington, but for those of you that have not it is truly a must see when in Washington DC.
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Info about the author:
George Souto is a Loan Officer who can assist you with all your … (35 comments)
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usda: Almost Speechless Sunday
- 11/08/09 01:05 PM
This is a picture that my brother just took in his back yard in Arizona. It is almost as if the Hawk was posing for him :)
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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usda: Wordless Wednesday
- 08/26/09 07:02 AM
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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