USDA has notified us this morning that they have 3.8 billion dollars left in the program for funding. They are expecting this money to run out by the End of April if not sooner. Once funds are exhausted Rural Development will no longer issue Conditional Commitments (Form 1980-18). If you are in the Market to purchase a home and get 100% Financing, I would encourage you to start looking for a home immidiatly, so you will have time to find the home that fits you, and so you can reserve your funds for the USDA 100% Loan Program. If you have any further questions feel free to contact me anytime.
Thank you,
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