usda rural development: 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)

usda 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)

usda 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)

 
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Jeff Wilmoth

Newnan, GA

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