USDA Once Again Funding Loans!

By
Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

UPDATE, UPDATE

USDA Once Again Funding Loans!

 

On October 3rd USDA announced their commitment authority would be temporarily unavailable.  Today USDA announced that they are once again issuing funding commitments.   This is great news for Borrowers who have a USDA loan in process.  USDA loans will now close on time without a funding delay.

 

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam,# Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who is licensed in #CT, #RI, #MA, #NH, & a #FL Licensed Lender who can assist you with all your #FHA, #Conventional, #VA, #USDA, and #State Bonded Progam #mortgage needs in #CT, #RI, #MA, #NH, & #FL. George resides in Middlesex County which includes #Middletown, #Old Saybrook, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or souto@snet.net

Comments (7)

Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi George Souto  - This is what worried borrowers were waiting to hear about!  Thanks for sharing this.

Oct 16, 2017 04:27 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George it seems like yesterday you wrote how they stopped underwriting, did you shame them into getting back in the game? Endre

Oct 16, 2017 09:12 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing this information.

Have a most productive week.

Oct 17, 2017 03:44 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning George.  This is welcome news for those trying to get USDA loans.

Oct 17, 2017 06:26 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi George Souto, glad to see they're back in again. This will make many buyers with USDA loans happy, hope it stays that way.

Oct 17, 2017 06:31 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Good to catch up with this one George...thank you!

Oct 18, 2017 07:02 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

USDA loans can be great vehicles for lending, George Souto ... this is indeed good news ...

Gene

Oct 18, 2017 11:01 AM