Get It While You Can - This Loan Program Is Running Out Of Money...

Good Morning,



I have an important update for you on USDA loans...



Last week USDA came out with this announcement:



Notice of Funding



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 exhausted, the Agency will not issue Conditional Commitments "subject to receipt of appropriated funds." This is because it is not certain when additional funding will be available.



Limited funding may become available for disaster areas declared in 2008, or in disaster areas declared for Hurricanes Katrina and Rita. Limited funding may also become available as prior Agency commitments are de-obligated, however, such funding will be very limited.



We apologize for any inconvenience this may cause you. Should you have any questions, you may contact the Single Family Housing Guaranteed Loan Division at (202)720-1452.





So, unless congress decides to put more money into this program - it's going to run out of money by the end of April.



If you were considering a USDA loan I would recommend you give me a call on this soon so we can get your deal done.



I hope you have a good day today. Thanks for reading!


Brett