Georgia is about to see a very good and welcome loan program come back - USDA home loans. USDA Rural Housing loans are about the only option for 100% financing, but this year the program was so popular that the government ...
Category Archives: USDA Rural Housing Loan
Georgia USDA Update
A colleague of mine passed along some news from a lobbyist who is working on getting more funding for USDA loans. And, it sounds like the proposals being formulated in Congress at present are to make USDA similar to FHA funding, to make it self-sufficienct and auto-funding by raising the Guarantee fee a bit. Here ...
Update on Georgia USDA Rural Housing Funds
In an earlier post I mentioned that USDA announced it was on track to run dry of funding by the end of April, 2010. And, although they have run out of funding before the year end before, it has never been so early in the year, which makes this year particularly different. So, if you ...
USDA Funding Set to Expire
If you are in the market for a Georgia USDA Rural Housing home purchase, then you will want to act fast. Lenders just received this notice today: This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. Once funding is ...
Georgia USDA Rural Housing Loans
I have written about this before, but in a mortgage environment with guidelines continuing to tighten, folks looking to purchase their home in outlying areas, somewhat rural areas, owe it to themselves to consider and USDA Rural Housing mortgage loan. You see, these loans have two distinct advantages that no other loan product can compare with: 100% ...
USDA Rural Housing Loans
If you are considering buying a property in an outlying county around metro Atlanta, then be sure to check out a USDA mortgage loan, otherwise known as a Rural Housing Loan. USDA Funds Released - $10 Billion (yes, that’s billion with a B) has been allocated. According the USDA, about 25% have already been used to ...