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Showing posts from August, 2012

USDA Rural Housing Changes in Utah- Urgent

THE CENSUS IS IN If you live in one of the cities listed below or might be considering moving to one of them you may want to take advantage of the USDA/Rural housing loans that will be phased out before the end of the year. Very soon Rural Housing in Utah will update the maps to eliminate six growing cities in Utah. The USDA Rural Housing program is very popular in Utah as it offers one of the only down payment options in this area. Each city that is being cut off has taken full advantage of the program to grow. They each have grown too large for the programs guidelines. USDA is geared for 'rural' areas which have a low population or a serious lack of mortgage credit for lower and moderate-income families. Thousands of homeowners and homebuyers are trying to get funding before the maps changes. This is causing a backup with the local Salt Lake Office that issues the final commitment. Rural loans must be completely underwritten prior to submission to Ru...