usda available funds: USDA Home Loans Are Available in Arizona - 07/30/10 12:45 PM
USDA Home Loans Are Available
I have had many people contact me in the last couple of months requesting information or inquiring whether or not USDA Home Financing is available.  There have been stories of Loan Originators using stalling tactics to hold back their prospective clients from going to "THE OTHER LENDER" who claims to have available USDA financing. 
Today I am happy to say that USDA Home financing is indeed available, however with Congress yet to commit a new round of appropriation/ funding to the USDA Program, many lenders have decided to add a set of overlays (additional self-prescribed guidelines) … (0 comments)

usda available funds: USDA Has Funds Available For Home Financing - 06/01/10 01:54 PM
USDA Has Funds Available For Home Financing 
Effective 06/1/2010

Effective June 1, 2010, USDA Home Loan financing is available to homebuyers.  However there are some major changes to the program.
First: The USDA Funding Fee is no longer 2.00% (two percent)
Second: The "NEW" USDA Funding Fee is 3.50% (three and a half percent)
Third: The GUS System (Guarantee Underwriting System) is currently turned off.  This means that the homebuyer's qualification will be strictly adhered to the USDA Guidelines.
**With GUS; the homebuyer can potentially qualify for a higher sales price
If you have any questions, please call us at 480.344.3671
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