rural development: 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)

rural development: Funding Restored for the USDA Guaranteed Rural Development Program - 09/08/10 03:51 AM
Funding Restored for the USDA Guaranteed Rural Development Program
Effective September 8, 2010, USDA Rural Development has announced that the Agency has completed all system enhancements to support the newly legislated guarantee fee of 3.5% and that funding for the USDA Guaranteed Rural Housing (GRH) Program has been fully restored.    

If you would like further information about the USDA Rural Development Program, then your first step should be to call a HomeStar Financial Corporation Mortgage Professional at 404-597-5662.  HomeStar Financial Corporation, a Nationally Approved USDA lender is the #1 USDA Lender in Georgia!
     
Jeff Wilmoth | HomeStar Financial … (2 comments)

rural development: USDA funding... - 03/16/10 09:06 AM
DO NOT PANIC...
I've received numerous calls and emails about this very topic.  I understand there are various notices floating around from lenders essentially claiming that USDA is pulling the program.  Apparently, some of the "big boys" are pulling out of the program and as a result have decided to employ scare tactics.  I'm sure there will be more to join the bandwagon. 
Many lenders who traditionally in the past have not focused on the program are claiming that USDA is no longer accepting files.  This is untrue. 
On March 9th, USDA issued a statement that funding is likely to be exhausted by the end … (3 comments)

rural development: USDA Rural Housing 100% Financing - 03/12/10 02:24 PM
It is hard to beat the flexibility and great rates of HomeStar Financial Corporation's USDA Rural Housing Loan. These programs are geared toward homebuyers who desire to live in "rural areas" and who have little to no money for downpayment. USDA Rural Housing Loan programs offer flexible, common sense underwriting guidelines, relaxed credit requirements, NO PMI (private mortgage insurance), the ability to finance closing costs into the loan amount, lenient seller concessions, and rates that are comparable to, if not better than, conventional fixed rate mortgage programs.Your first step should be to call a HomeStar Financial Corporation Mortgage Pro at 404-597-5662 to see if … (4 comments)

 
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Jeff Wilmoth

Newnan, GA

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