georgia usda: USDA (GRH) FUNDING UPDATE - 06/01/11 10:54 AM

In recent years, funding shortages due to overwhelming volume and program demand may have prohibited some homebuyers from utilizing the USDA Guaranteed Rural Housing Loan Program.  Fiscal year 2011 is different and Congress has responded to lender requests for more funding by delivering $24 billion for the current fiscal year (through September 30, 2011)!   

BUY WITH CONFIDENCE!  Future Guaranteed Loan Funding Updates will continue to be released in order to keep our customers  informed of available funding levels.

Jeff Wilmoth | Homestar Financial Corporation 848 Jesse Jewell Parkway … (0 comments)

georgia usda: Fiscal Year 2011 Funding for the USDA Guaranteed Rural Housing Program - 10/05/10 08:43 AM
Fiscal Year 2011 Funding for the USDA Guaranteed Rural Housing Program
October 1st, 2010 marked the beginning of Fiscal Year 2011 for USDA Rural Development.  Traditionally, when a new fiscal year begins there is a brief delay in available funding.  Such is the case this year, as USDA Rural Development awaits confirmation of funding.  During this time, USDA will continue to accept and review new loan applications for purchase transactions and issue modified loan approvals referencing that the approval are "subject to the availability of congressionally appropriated funds". 
HomeStar Financial Corporation is the largest producer of USDA Guaranteed Rural Development loans in … (6 comments)

georgia usda: Georgia USDA Rural Development Funding Restored - 09/10/10 06:16 AM
On September 8, 2010, funding for the USDA Guaranteed Rural Development Program was restored nationwide.
As a result, Georgia Rural Development Field Offices will be completing the funding process for loans which received "Subject to" Conditional Commitments.  This process will take priority over new file submissions.  There are over 500+ "Subject to" files for the Georgia Rural Development Field Offices to process.
New loans will be held until all "Subject to" obligations have been completed. We have been advised that it will take the State of GA approximately 1 ½ to 2 weeks to complete the backlog of all files.  
Many … (0 comments)

Jeff Wilmoth (HomeStar Financial Corporation) Rainmaker large

Jeff Wilmoth

Newnan, GA

More about me…

HomeStar Financial Corporation

Address: 45 Newnan Station Dr. Suite B, Newnan, GA, 30265

Fax: (678) 456-1600

Mobile: (404) 597-5662

Email Me




RSS 2.0 Feed for this blog