USDA Financing will be ending....If you were hoping to purchase a home with a USDA loan, this is the time to get pre-approved. The proposed changes to the USDA eligibility maps will be effective as of June 4th, 2018 per the map below.
However, a property that is located in an area that is being changed from eligible to non-eligible may still be approved if you meet the following conditions:
1. The application is dated and received by the lender prior to June 4th, and the Loan Estimate was issued by the lender within 3 days of application receipt.
2. The applicant has signed/executed a sales contract that is dated prior to June 4th.
3. Applicant meets all other eligibility requirements.
So, there's still time to purchase your next home and gain the benefits of a USDA loan! Call us for more details!