UPDATE on the status of Rural Housing Loans (USDA) offering 100% mortgage financing!
As of this morning, there was $680,000,000 remaining in total available Rural Housing funds. Funds are expected to be exhausted by Monday, May 10th. The Rural Housing Preservation and Stabilization Act of 2010 passed the House last week and has been referred to the Senate Committee on Banking, Housing and Urban Affairs. There has been no indication on when it will be reviewed and presented for a Senate vote. I would encourage all of you again to contact your Senators and encourage quick passage of this legislation to keep this valuable program running without significant funding interruption.
OUR SENATORS ARE:
LINDSEY GRAHAM-- http://lgraham.senate.gov/public/index.cfm?FuseAction=Contact.EmailSenatorGraham
JIM DEMINT-- http://demint.senate.gov/public/index.cfm?p=CommentOnLegislationIssues
Are you interested in buying a home or condo in one of our rural areas? Rural areas include some areas of Myrtle Beach, Longs, Loris, Georgetown, Andrews, Conway, Aynor, and MORE. Call Jake Lee 843-240-0431 to start looking for your new rural paradise today! You can also visit www.SCRealEstatePartners.com to see what's available for sale at this time, search the mls, get a list of foreclosed homes, and much much more!!
Call Mike Hogue for your mortgage financing and pre-approval before you start looking! You may be suprised at what you can afford and what your low monthly payments will be! Call Mike at 843-685-2465 or email him at mhogue@gofirsthome.com