USDA Rural Development Loans ARE BACK!

As of yesterday, the US House of Representatives passed a new bill (HR 4899) which includes additional funds for the Rural Development Loan Program.  This is HUGE news, as many many of these loans have been put into suspense over the past several months, or have been waiting for “subject to” commitments, which has been keeping them from closing, and not coincidentally, people from moving into their new homes.

These additional funds will also be available for consumers looking to purchase new homes, although there is one small change to the previous requirements for qualifying.  People are still eligible for the ever popular 100% financing the USDA RD loan offers, but the up front Funding Fee has been increased from 2% to 3.5%.  This is small potatoes considering that this funding fee can be rolled into the loan amount, so you don’t have to pay for anything out of pocket at closing (theoretically).

If you have questions about the USDA Rural Development loan, or what properties in Fort Worth or Dallas qualify, don’t hesitate to CONTACT US and we will review your situation.  You can also FILL OUT THIS FORM or SEND US AN EMAIL and we will get back to you as soon as possible!  Don’t miss out on this great opportunity!

2 Comments for this entry

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  veterinary technician

  July 29th, 2010 on 1:58 pm

  Wow this is a great resource.. I’m enjoying it.. good article
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  22 inch car rims

  August 16th, 2010 on 10:53 pm

  wats up man hows it going