RD loans extended? (for you mortgage officers) | TigerDroppings.com

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mglsu21
LSU Fan
Prairieville
Member since Jun 2012
575 posts

RD loans extended? (for you mortgage officers)


About a month ago I saw the rural development loans were ending on October 1st. However, it appears they have been extended again. Is this extension for a full year through 10/1/13?

Planning on buying in May next year and hoping this option will be available.

TIA!







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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1958 posts

re: RD loans extended? (for you mortgage officers)


yes its been extended every year they run out of funds toward the end of the fiscal year. they also froze the RD property guidelines which had alot of people nervous.





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mglsu21
LSU Fan
Prairieville
Member since Jun 2012
575 posts

re: RD loans extended? (for you mortgage officers)


Awesome. Thank you Hawkeye.

What do you mean by froze the RD property guidelines?






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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1958 posts

re: RD loans extended? (for you mortgage officers)


RD was about to redraw the parish guidelines for what they consider Rural which would have affected Prairieville area quit a bit but they didnt.





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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
32140 posts

re: RD loans extended? (for you mortgage officers)


thanks...i'll be sending you an email soon.


This post was edited on 10/8 at 4:37 pm


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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1958 posts

re: RD loans extended? (for you mortgage officers)


ygm





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