Below is a copy of a letter sent out to Participating lenders of the USDA Guaranteed Rural Housing Program which offers 100% financing to qualified buyers. The letter states that funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April 2010. This is one of the last remaining 100% financing program aside from VA (Veteran's Association) in our area. Read below for more...

March 10, 2010

Notice of Funding
This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. Once funding is exhausted, the Agency will not issue Conditional Commitments “subject to receipt of appropriated funds.”  This is because it is not certain when additional funding will be available. Limited funding may become available for disaster areas declared in 2008, or in disaster areas declared for Hurricanes Katrina and Rita.  Limited funding may also become available as prior Agency commitments are de-obligated, however, such funding will be very limited. We apologize for any inconvenience this may cause you.