Congress Extends Rural Definition Until September 30th, 2013. This means that home buyers in Galloway, Egg Harbor Township, and Hamilton Township can continue to buy homes with Zero Down Payment and low fixed rate 30 year home loans through USDA. This has been a very popular loan program allowing home buyers to purchase with no down payment. Interest rates are also low and fees are low allowing for low monthly payments.
This morning, Congress passed an FY13 Continuing Resolution (CR) to keep the government funded loan program through the end of the fiscal year. The CR includes a specific provision that extends eligibility for all rural communities that are currently eligible until September 30, 2013.
This gives rural advocates more time to build cosponsors for H.R. 858, the Rural Housing Preservation Act. So, please remember to ask your Representatives to cosponsor this bill to ensure that more than 900 rural communities can remain eligible for USDA Rural Housing programs.
If you would like more information on home loan options call for a FREE RECORDED MESSAGE: (888) 856-3579 ext. 1