Good Morning!
I have people asking me if we are still funding USDA loans - given the fact that the government funding for these loans hasn't been solidified yet.
The answer is "yes". We are anticipating minimal or NO stoppage or delay in closings for USDA loans.
There is legislation that has passed the House and and just needs Senate approval. The Bill is H.R. 5017. The passage of this bill is designed for the avaliablitiy of funds for USDA loans.
Remember the great features of a USDA loan...
· 620 scores to 102% financing.
· No Down payment.
· No Reserves.
· No mortgage insurance.
Thanks for reading! ...and have a good day!
Brett
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