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
Office: 614-486-3843
Cell: 614-571-3554
posted by Brent A Diebert at
3:30 PM
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