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USDA Eligible Property Update

USDA Eligible Properties Saved From 1st Quarter 2013 Cut

Cities remain USDA Eligible until September 2013

USDA and Rural DevelopmentThere’s good news for people living in areas that qualify for USDA loans. A list of 923 communities that were set to be cut from the USDA’s list of Rural Development eligible areas will now remain eligible until later this year, on September 30, 2013.

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 previously released “cut list” will continue to be eligible for USDA financing until the new deadline.

USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. (O-73) The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.

For a complete list of the Rural Development eligible communities and for information about qualifying loan programs, consult this link:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

If you or anyone you know is interested in a USDA Rural Development guarantee loan, I would be glad to help and am always happy to answer any questions you may have!

For those of you in the Boise, Idaho area where I live and primarily work: Kuna is set to become INELIGIBLE for Rural Development mortgage lending after September 30, 2013.