USDA Rural Development Loan Program funding is close to being exhausted.
This is a quick update from our Lenders that I wanted to pass on. (The USDA Rural Development Loan Program is not available in Delaware County but it does become applicable as you move further into Chester and Montgomery counties.)
On March 9, the United States Department of Agriculture Rural Development (RD) announced that program funding for the Single Family Housing Guaranteed Loan Program (SFHGLP) will likely be exhausted by the end of April. With this in mind, some lenders are already no longer accepting USDA Rural Development Loan Applications effective immediately.
As always, if you have any questions or need any additional information, please do not hesitate to let me know.
Long & Foster Real Estate Inc - Newtown Square,PA/Bear, DE
Office: 610-353-1199/Direct: 610-359-3853/Cell: 610-618-0808