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RD loans extended? (for you mortgage officers)
Posted on 10/8/12 at 3:06 pm
Posted on 10/8/12 at 3:06 pm
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!
Planning on buying in May next year and hoping this option will be available.
TIA!
1
Posted on 10/8/12 at 3:08 pm to mglsu21
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.
Posted on 10/8/12 at 3:18 pm to hawkeye007
Awesome. Thank you Hawkeye.
What do you mean by froze the RD property guidelines?
What do you mean by froze the RD property guidelines?
Posted on 10/8/12 at 3:54 pm to mglsu21
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.
Posted on 10/8/12 at 4:06 pm to hawkeye007
thanks...i'll be sending you an email soon.
This post was edited on 10/8/12 at 4:37 pm
Posted on 10/8/12 at 4:12 pm to I Love Bama
ygm
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