USDA Funds are Exhausted

By
Mortgage and Lending with www.DaveYourMortgageGuy.com - Legend Lending NMLS #293883

USDA Funds have been exhausted.  I have mentioned in the past that this was coming.  The House of Representatives has passed Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).   To allocate more funds to this program.  But, it is currently in the Senate and it has not been passed.  There has been a significant increase in demand for USDA loans as a result of the economic crisis over the past two years.  The number of rural home loans has tripled since 2006, while federal funding has failed to keep up with the growth of the program. Please check my website www.DaveYourMortgageGuy.com for updates on this program.  Let's hope the Senate passes this soon!

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David Krichmar 

Mortgage Banker NMLS#293883 

Legend Home Lending

LLC NMLS #229421

Has Written For Realtor Magazine, Houston Agent Magazine, Scotsman Mortgage Guide

Appeared On Fox Business

 

Named 5 Star Mortgage Professional 2013, 2014, 2015, 2016, 2017

Named Top Mortgage Professional 2010,2011

Office:832-689-6012

Dave@DaveYourMortgageGuy.com

www.DaveYourMortgageGuy.com

For More Mortgage Info Follow me at  Dave's Blog

 

If you are looking for a FHA, VA, USDA, Homepath, Conventional, Jumbo, Construction, FHA 203k mortgage in Fort Bend County, Sugar Land, Houston, Katy, Harris County, Brazoria County, Pearland, Richmond, Bellaire, West University, The Woodlands, Kingwood, Friendswood, Clear Lake, Galveston, Fulshear, Tomball, Spring, Conroe, Montgomery County or anywhere in Texas I am your GUY!  

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Stephen Kendrick 05/17/2010 03:31 PM
Topic:
ActiveRain Community
Location:
Texas
Tags:
texas
fha
fort bend county
brazoria county
mortgage
harris county
usda funds

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Rainmaker
5,425,639
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing. Hope there is additional funding soon.

 Blooming for home buyers in Maryland.

May 14, 2010 04:47 AM #1
Rainer
78,190
Katherine Fornale
REMAX REALTY 9 - Howell, NJ
SFR, GRI

I hope this passes soon.  We shouldstart writing to our senators.

May 14, 2010 04:49 AM #2
Rainer
61,419
Chris Thomas
Watermark Realty,LLC - Denham Springs, LA
Realtor of Livingston Parish and Baton Rouge La

This a a great program.Thanks for the info David.

May 14, 2010 04:50 AM #3
Rainer
11,623
sheryl knowles
Burien, WA

There seems to be a Lot of confession on this subject.  I hear From one Loan officer that the USDA program has money than I hear that it does not have any money.!!!!! Please keep updating

May 14, 2010 04:54 AM #4
Rainmaker
489,021
David Krichmar
www.DaveYourMortgageGuy.com - Legend Lending - Sugar Land, TX
DaveYourMortgageGuy.com

Thanks Sherry for the comment.  It is exhausted as of the 12th. 

May 14, 2010 05:03 AM #5
Rainmaker
489,021
David Krichmar
www.DaveYourMortgageGuy.com - Legend Lending - Sugar Land, TX
DaveYourMortgageGuy.com

Call me about availability of Funds for the USDA mortgage program. 

Jan 24, 2011 07:04 AM #6
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Rainmaker
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David Krichmar

DaveYourMortgageGuy.com
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