985-300-LOAN (5626)

The Weeks Team

  • The Dharma Project
  • Loan Info
    • Products
    • Process
    • Homebuyer Tools
    • Specialty Products
  • Mortgage Peace
  • About
    • Meet the Team
    • We Believe
    • As Seen On
    • Blog
  • Apply
    • Start an Application
    • Secure Document Upload
  • My Account
  • Contact Us
Thursday, 28 September 2017 / Published in News

USDA Temporary Funding Lapse Oct 2017: Don’t Miss Out

If you’ve got a Rural Housing loan in process or thinking about going that route, call us to make sure you get your loan!

The Rural Housing Single Family Guarantee Loan Program announced on September 19, 2017 that the USDA loan program will experience a two week lapse in fundings starting October 1, 2017. During this time, the Rural Housing will issue Conditional Commitments subject to the availability of funds. Florida Capital will continue to fund USDA Single Family Guaranteed Loans with language on the Conditional Commitments “subject to the availability of commitment authority” for purchase and refinance transactions.

Furthermore, there are no changes to the Upfront and Monthly Guarantee Fee which will remain at 1% and 0.35% respectively for purchase and refinance transactions.

  • Tweet

Recent Posts

  • House, keys, and calculator on top of paperwork

    Is Mortgage Insurance Required Regardless of Your Down Payment?

    Do you know what to expect when it comes to mor...
  • mortgage insurance image

    Mortgage Insurance: Explore Your PMI/MIP Home Loan Insurance Options

    Trying to secure a home loan? Looking to get pr...
  • Choosing the Right Lender by knowing what questions to ask image

    Choosing the Right Lender: Questions to Expect from Your Mortgage Loan Office

    Choosing the right lender can feel overwhelming...
  • Home Loan Options

    Mortgage Loan Options: What you need to know to get the RIGHT loan for YOU!

    What do you know about home loans? Whether seek...
  • Mortgage Snowflake

    A Good Loan Officers knows each Mortgage is Unique, like a snowflake!

    From a distance, snowflakes look identical. How...

  • Home
  • Loan Products
  • Loan Process
  • Homebuyer Tools
  • Mortgage Peace
  • Meet the Team
  • We Believe
  • Blog
  • Apply
  • Contact Us
  • Privacy Policy

Copyright © 2020 Weeks Team Inc. and its licensors. All rights reserved.

TOP

Download the App!