usda rural development: 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)
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 … (2 comments)
You may or may not have heard, USDA has announced that they anticipate funding for the guarantee program will be exhausted by the end of April. This announcement is different from the past announcements regarding exhaustion of funds, in that this time new funding is not certain. USDA will not be issuing conditional commitments with the conditional statement subject to appropriation of funds. Click here for USDA Update
USDA Rural Development Home Loan Program - Running out of funds … (0 comments)
USDA Home Loans Are Available
;)
;)
;)
