USDA Financing To Stick Around
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:
Posted on March 25, 2013, in Real Estate, Shelby Co. General and tagged birmingham, calera, colleen black, david black, financing, home for sale, keller williams realty metro south, loan, mortgage, no down payment, real estate agent, Shelby Co., usda. Bookmark the permalink. Leave a comment.