USDA Loans Back Online!

Written by on October 20, 2011 · Leave a Comment

I wrote a recent post about possible delays with USDA Rural Housing loans.  The good news is that the delays were very short lived and USDA is back funding loans once again!!  There have been some small changes made to USDA but the overall benefit of the programs remains intact. Just in case you are [...] Read more »

USDA Changes Guarantee Fee

Written by on September 24, 2011 · Leave a Comment

USDA Rural Housing loans are seeing a change to the Guarantee Fee!  Starting October 1st, the upfront fee will reduced from 3.5% to only 2%.  This sounds really good but they are also adding an annual fee of .30%.  Let’s take a look at how this works out over time. Read more »

USDA Rural Housing Loans Delayed

Written by on September 24, 2011 · Leave a Comment
USDA pic

We have been advised by USDA officials that effective 10/1/2011, USDA will not issue final approvals for loans to close.  They have funds to last through the end of the month so any loans that received “conditional commitments” from a local USDA by 9/30/2011 should be fine. Read more »

USDA loans in Charlotte NC

Written by on May 6, 2011 · Leave a Comment

USDA Rural Housing loans are obviously for rural areas, but what the USDA deems rural is not always that obvious! Most people think that you can only use these great loans out in the country, where the deer and the antelope play. That is not exactly true, and while you won’t be buying any plush [...] Read more »