Icon to Continue closing RD loans despite exhausted USDA funding

Mortgage and Lending with Icon Mortgage NMLS #134262

Many of you may have read that the USDA will exhaust funds allocated for the Guaranteed Rural Housing Loan Program some time on Thursday May 12th. In response, Icon Mortgage Lending is pleased to announce that we will continue to close all RD loans just as if it were "business as usual".

This announcement comes after months of various unqualified sources disputing over when the USDA in fact would be exhausted of funding. Many had alleged that the Rural Housing Program had already closed its doors as of April 1st.

Of course, those that follow the Icon Mortgage Lending blogs and news sourced knew that this was indeed an April Fool's Joke of the highest order. As promised, we have continued to close and table fund Guaranteed Rural Housing Loans over the past two months as other lenders dropped out of the program despite the massive needs of their local communities.

In the future you can follow all of the most up to date and accurate Rural Housing News by subscribing to this blog, or checking out our website: www.iconmortgagelending.com on a regular basis. Or of course, you could just always call me, Matt at 810-953-4266 and just ask away! I encourage you all to do so in the future if you were falsely told that these loans were already unavailable when Icon Mortgage Lending was still providing service. I worked very hard to get the word out, but obviously it is hard to reach everyone. So, if you or anyone you know, was given false information over the past few months...just call us.

Comments (2)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Matthew - Thank you for sharing an informative and helpful blog.

May 12, 2010 05:37 PM
Dave Sullivan
Real Estate One - Birmingham, MI
Michigan Realtor with an investor viewpoint

Did you have any problems with these loans and do you think Harp two will increase volume ? 

Jan 18, 2012 11:20 PM