USDA RURAL HOUSING Running out of Funds, Possibly by end of April, Get Contract to Lenders NOW!

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Mortgage and Lending with John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. NMLS# 211187

Notice of Funding  / USDA RURAL HOUSING

This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. 

Once funding is exhausted, the Agency will not issue Conditional Commitments "subject to receipt of appropriated funds."  This is because it is not certain when additional funding will be available.  

Limited funding may become available for disaster areas declared in 2008, or in disaster areas declared for Hurricanes Katrina and Rita.  Limited funding may also become available as prior Agency commitments are de-obligated, however, such funding will be very limited.  

We apologize for any inconvenience this may cause you.  Should you have any questions, you may contact the Single Family Housing Guaranteed Loan Division at (202)720-1452.   

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Rainer
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Renee L. Norton
Birmingham, AL

Thanks for sharing this info.  It is something good to know.

Mar 10, 2010 05:54 AM #1
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Rainer
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John F Tuggle

Certified VA Expert Renovation Program Specialist
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