There's good
news for people living in areas that qualify for USDA loans. Implementation of
the 2010 Census Data for Rural Development programs is postponed until March
27, 2013 or until further notice.
What does this mean?
There will be no changes to the communities that are currently eligible for the
USDA Section 502 Guaranteed Program. In other words, cities that were included
in the "cut list" that was released previously will continue to be eligible for
USDA financing until March 27, 2013.
To read the announcement from USDA
in its entirety, click here.
USDA Rural Development and its loan program were
designed to help improve the economy and quality of life throughout rural
America. The program continues to remain a wonderful option for qualifying
homebuyers, with zero down payment required.
If you or someone you know
is thinking of purchasing a home, or if you have any questions about USDA loans,
give me a call right away to learn more.
Real Estate talk. If you have a questions about local real estate just ask and I cover it in the next blog I write.
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