Regardless of how much advancement is made in society, things tend to move at a slower pace in the rural areas across the country. People move into a home and tend to stay there for a long time. The average income does not change much over time. And there is little change in the development of commercial properties. That is why the Wisconsin USDA Rural Housing program...

Good to the last dollar!

Rural Development funds were projected to run out before the end of April. Many large lenders across the country stopped processing these loans to avoid having the cash window shut in their face. Those who continued to apply for the (100%, no monthly MI, low 30 year fixed rate and a 2% financed funding fee) RD loan have been rewarded with the best possible loan in today’s mortgage market.

We will keep submitting...

USDA announced this week that they expect to run out of the entire year’s appropriated funds for their popular Guaranteed Rural Development home loans by the end of April. That’s six months before the next federal budget would renew the program coffers. Lenders are scrambling to get approvals for the last $4B in guarantees.

There is no reason to quit trying for an RD loan, but cover yourself by being pre-approved for another type of loan (FHA, conventional,...

We get this questions a lot; "Can I refinance into a USDA Rural Housing loan?" and the answer, 9 out of 10 times, is no. Unless your current loan is a Guaranteed Rural Housing loan or a USDA Section 502 Direct loan, you cannot refinance into the program.

If you have a USDA loan now, you can refinance with or without an appraisal and with a guarantee fee of only 0.50%. See below for additional USDA refinance information.

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