Rural Development back up and running!

By
Mortgage and Lending with Advantage Lending Corp / Daniel Litvin

To the average borrower it may appear that the Rural Development loan that is ran by the USDA is currently not being offered, but it is!  It's a fact that RD ran out of money earlier this year, but there has been a 2.5 Billion dollar infusion of cash to tide this program over. 

Some lenders are still not accepting loans for this program because they simply have not realized it's back up and running.  Rest assured that this loan is available.  Borrowers can still buy homes with zero money down, no PMI, and great interest rates. 

Daniel Litvin

Advantage Lending Corp

Comments (2)

Rich Sellers
Rich Sellers Lake Arrowhead, CA (Coldwell Banker) - Lake Arrowhead, CA
Realtor DRE#01148405

Great Program for the areas that qualify!

Jun 21, 2010 08:24 AM
Jeanne Dufort
Coldwell Banker Lake Country - Madison, GA
Madison and Lake Oconee GA

Excellent program - very important in my area.  I had a closing last month that got very exciting towards the end when we were not sure if it would fund...  but alls well that ends well.

Jun 21, 2010 08:59 AM