Mar
11

USDA Funds are running out

By

USDA Funds Nearly Exhausted:

If you have buyers in need of 100% financing, take notice! One widely popular tool for funding is about to run out of money. Buyers that need a no down payment loan guaranteed by the USDA are running out of time to get their deal done. Notice was delivered from Washington on March 9 that the funds are nearly exhausted, with expectations that they will run out in late April.
Unlike years past when similar notifications have been delivered, the USDA will not be issuing conditional commitments for buyers as the program awaits new appropriations from Washington. The USDA states they are “not certain when additional funding will be available.”

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