"USDA Map NOT to Change for Now"

This is really good news, as I do a lot of USDA business in all 8 states that I do business. This no money down product has allow folks to get into housing with no money down and has an extremely low default rate. How does it make sense that USDA and VA that allows home buyers to put no money down, continues to have the lowest default rates?

So, Washington has gotten this one correct for a change. Below is the Resolution that was passed on Sept. 19th, 2014.

Implementation of New Rural Area Ineligible Area Maps Delayed!

On September, 19, 2014, “Continuing Appropriations Resolution, 2015,” (Public Law 113-164) was signed by the President. The continuing resolution extends a current general provision regarding housing program eligibility. This means that if a community is eligible today, they will remain eligible under the continuing resolution. Barring further Congressional action, RHS will delay implementation of the revised rural area maps based on the changes to the rural area definition as revised in the Agricultural Act of 2014 (Pub. L. 113-79). During the continuing resolution and as provided in the FY 2014 Appropriations Act (P.L. 113-76), RHS will not reclassify any area eligible for rural housing programs on September 30, 2013 as not eligible for such programs. The “Future Eligibility Maps” are posted on the Eligibility Website.

Questions regarding this notification may be directed to the Single Family Housing Guaranteed Loan Division at 202.720.1452.

image courtesy of suphakit73/freedigitalphotos.net