Rural Housing Loans
Although nearly all banks and mortgage companies have stopped taking applications for Rural Housing loans, not all have. I am still able to accept applications and I am still funding USDA Rural Development loans. Roughly $20 billion per year has been earmarked for this highly successful loan program. The most recent proposal, H.R. 5017 put forth by Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises has unanimously passed the House Financial Services Committee. This legislation will correct the Section 502 Single Family Housing Guaranteed Loan Program funding shortfall by enabling the program to pay for itself, rather than relying on federal funding.
So, in addition to the remaining funds in the section 502 fund, it appears that there will be a solution forthcoming to allow for uninterrupted loan funding.
I can originate and fund your Rural Housing loans now.