USDA Rural Development 100% loan program to run out of money by January 9, 2009, if not sooner

In a message received from the USDA Rural Development National Office in Washington DC announced that demand for the this program is at a historic high, and we anticipate this funding will be exhausted by January 9, 2009, if not sooner.  USDA Rural Development will continue to accept and process applications, and will issue Conditional Commitments “subject to receipt of Congressionally appropriated funds.”.  There will be no interruption of service by USDA Rural Development during any period in which funding is not available.  So rest assured any loans I currently have in the process for your clients will continue to move forward in a timely manner.

 

Brent Diebert

Mortgage Lending Professional

 

The Arlington Bank

4621 Reed Rd

Columbus, OH 43220

Office: 614-486-3843

Cell:     614-571-3554

 

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