No Down Payment Product for Rural Buyers – USDA Loans


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This is a repost from The Raleigh Mortgage Guy.  Please see another related blog from him at the bottom of this post.

USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING NEWS

From the National Office in Washington DC

June 15, 2011

GUARANTEED LOAN FUNDING UPDATE:  SUMMER SIZZLES! 

GUARANTEED LOAN VOLUME UP!  PLENTY OF FUNDING AVAILABLE! 

The Single Family Housing Guaranteed Loan Program (SFHGLP) has $24 billion dollars of funding available for lenders, but it will expire on September 30, 2011!

SUMMER TIME IS HOME-BUYING TIME!  When temperatures rise, homebuyers arrive!  Summer is a perfect time to buy a new home!  Guaranteed loans offer eligible rural homebuyers tremendous benefits including, no down-payment required, flexible credit and qualifying ratios, and fixed thirty year interest rates.

SHOP WITH CONFIDENCE!  Congress has ensured ample guaranteed loan funding will be available throughout FY 2011!

As of June 15, 2011:

TOTAL $ OBLIGATED:      $9.96 BILLION

TOTAL # LOANS:                 78,075 

OVER $14 BILLION REMAINS TO

SERVE RURAL HOMEBUYERS! 

Related article:

Thanks for reading.  Interested?  More information?  Contact me today!

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About Kecia Thurman Bland

Kecia Bland is a professional full-time licensed NC Real Estate Broker (since 2008) focused on providing excellent customer service and expertise for those interested in buying and selling real estate in the Greater Raleighs areas- the Triangle area, and surrounding counties- Wake, Durham, Johnston, Chatham, Franklin, and Granville. Kecia provides her clients with a pleasurable and smart real estate experience. View all posts by Kecia Thurman Bland

2 responses to “No Down Payment Product for Rural Buyers – USDA Loans

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