USDA Rural Development Eligible Area Changes *** UPDATE***

By
Mortgage and Lending with HomeStar Financial Corporation

ATTENTION HOMEBUYERS: USDA (GRH) UPDATE

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On Wednesday March 20th 2013, the Senate approved legislation that would fund the government thru the end of September.  Inside this legislation is included a Continuing Resolution to extend the current USDA territories for an additional 6 months. 

If passed, families seeking to purchase homes thru the USDA Rural Development Home Loan would be able to proceed with financing in areas that are expected to become ineligible.  In Georgia, this affects families in areas such as Cusseta, Monroe City, Villa Rica and Winder, Georgia

It is now up to the House of Representatives to advance the bill, so President Barack Obama can sign off, allowing the bill to become law.  If the Continuing Resolution does not pass and become law by March 27th 2013, the new property eligibility map will go into effect for all conditional commitments issued on or after March 27th 2013.

 

           Georgia's #1 USDA Rural Development Lender

  

 

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NMLS ID: 70864

 Jeff Wilmoth | NMLS ID: 206798 
848 Jesse Jewell Parkway Gainesville, GA 30501
Direct: (404) 597-5662 | Jeff@JeffWilmoth.com

 Homestar Financial Corporation, a Georgia Corporation, NMLSR# 70864, holds the following licenses: Nationally Approved USDA lender USDA GRH program, HUD Mortgagee ID #1897400009, VA Lender ID #64103600000, AL #21105, Georgia # 17368, Florida #MLD275, North Carolina #L-143335, Tennessee #3245,South Carolina # MLS-70864

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Topic:
ActiveRain Community
Location:
Georgia Coweta County
Groups:
All About Mortgages/Mortgage Networking
USDA Rural Development Loan Group
Tags:
homestar financial corporation
georgia usda lender
coweta ga usda
newnan ga home loans
usda rural development 100 financing

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Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Hopefully, this change will happen the USDA program is a great program for buyers to utilize saving them money. Thanks for sharing.

Mar 21, 2013 04:55 AM #1
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Rainmaker
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