April 30, 2010 is the last day USDA Rural Development Home Loans will be committing to funding loans in Sonoma County. This is a result of temporarily depleting funds. Temporary halts in funding occur each year until Congress approves new funding for the program. Expect to see funds again available in Sonoma County in October of 2010.
Some lenders like Wells Fargo and Freedom Mortgage have stopped taking USDA loan applicaitons using the program. Mountain West Financial is still accepting applicaitons through the beginning of April.
Remember, this is excellent 100% financing for areas of Sonoma County outside metro cities. Areas served include Larkfield, Windsor, Cloverdale, Sebastopol, Healdsburg, Russian River, and Sonoma.
For more about the USDA Rural Home Loans 100% financing, go to http://activerain.com/blogsview/1271709/100-usda-rural-home-loans-in-sonoma-county.
Comments(0)