Heads Up! USDA Rural Development Loans are going away!
By Anthony Ebright - NMLSR ID #247647 Purchase and Refinance Mortgages
(FHA, VA, Conforming, Jumbo - Wells Fargo Home Mortgage)
USDA Rural Development Loans are going away! If you are using the USDA Rural Development loan program as part of your business building tool, you need to know this program is going away. According to the USDA Rural Development, the funds for this program are projected to be gone by the end of April. In order to meet the USDARD's cutoff of funds, many lenders will stop taking loan applications by the end of March. If you have a USDA loan in progress, I would highly recommend you check with the lender today about their timelines for shutting this program down.
Comments
2