USDA Financing To Stick Around

Good news if you’ve been thinking of buying a home in the Birmingham general area…USDA no down payment financing

With two days left to spare, the government has decided not to allow a change to take effect that would have meant the removal of Calera as one of the communities eligible for no-down-payment home mortgage financing.

Congress has passed a resolution that preserves the areas where homes are eligible for USDA loans.  The bill must be signed by the President before becoming law, but that is expected to happen shortly.

USDA loans are popular with many Buyers because they can be an affordable way of purchasing a home.  The loans are available for properties in specific geographical areas designated by the government.

The decision by Congress means that the home we currently have listed in Calera will continue to be eligible for USDA’s no-down-payment financing:

About David Black

Colleen and David Black love what they do, and that's helping people who want to buy or sell homes in the Birmingham and Shelby Co. area achieve their dreams...

Posted on March 25, 2013, in Real Estate, Shelby Co. General and tagged , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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