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USDA Rural Housing Update: Funding Available Through Fiscal year 2013

[ 0 ] November 16, 2012 |
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Mortgage Updates

From the inbox:

The Single Family Housing Guaranteed Loan Program (SFHGLP) will have ample purchase funding available through September 30, 2012. Fiscal year (FY) 2013 will begin on October 1, 2012. Purchase funds will not be available for approximately two weeks or longer after the new FY begins. During this time frame, Rural Development will issue Conditional Commitments “subject to the availability of commitment authority.” The FY 2013 upfront guarantee structure of 2 percent and an annual fee of .40 percent will apply.

Read the full announcement

View our USDA Rural Housing loans page for additional information. For questions or to see if you qualify, please contact us or apply online!

Resources:

USDA Income Limits
USDA Guarantee Fee
USDA Ineligible Areas

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Category: News and Updates

About Inlanta Mortgage:

Inlanta Mortgage opened for business in 1993 in Waukesha, Wisconsin. With our superior service and wide variety of available loans we have grown to 27 partner branches located in the following states: Arizona, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, North Dakota and Wisconsin.

As a mortgage bank we can provide loans using our own funds or we can use the loans and guidelines provided by one of our many lenders. We offer tremendous support to all of our partners through outstanding marketing, underwriting, compliance auditing, loan processing, technology, accounting, and legal advising.

Our wide array of lender relationships provides our customers with the best loan programs currently available today, whether it is conventional lending, FHA purchase loans, or VA loans.

Inlanta Mortgage is an active member of the Mortgage Bankers Association, upholding high levels of ethics and honesty in all transactions. As a member of Lenders One Inlanta Mortgage is a part of the biggest cooperative of mortgage bankers within the United States. We are proud of their A+ rating with the local Better Business Bureau.

NMLS ID #1016

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